Ten Largest Investments

JPMORGAN ELECT PLC (the 'Company')

Legal Entity Identifier: 549300FIUYKKL39ILD07

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 Nov 2017

Managed Growth portfolio

JPMorgan UK Dynamic C

11.0%

JPMorgan Claverhouse Inv Trust

10.4%

JPMorgan US Equity All Capital C

8.9%

JPMorgan American Inv Trust

8.7%

JPMorgan US Select Equity C

8.6%

Finsbury Growth & Income

7.2%

JPMorgan European Inv Trust (Growth)

4.9%

JPMorgan Japanese Inv Trust

4.3%

Schroder UK Growth

2.9%

Murray Income Trust

2.8%

Total

69.7%

Managed Income portfolio

Royal Dutch Shell

8.0%

HSBC

6.4%

British American Tobacco

4.5%

BP

4.2%

Lloyds Banking

3.5%

Rio Tinto

3.4%

JPMorgan Global High Yield Bond Fund

3.1%

GlaxoSmithKline

3.0%

Vodafone

2.8%

Prudential

2.7%

Total

41.6%

Managed Cash portfolio

Insight Sterling Liquidity Fund

16.8%

JPMorgan Sterling Liquidity Fund

16.7%

Fidelity Institutional Sterling Cash Fund

16.7%

Institutional Cash Series Heritage Fund

16.6%

Aberdeen Sterling Liquidity Fund

16.6%

Deutsche Global Liquidity Managed Sterling Fund

16.6%

Total

100.0%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 12 December 2017