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: 31 March 2017

Managed Growth portfolio 1

JPMorgan UK Dynamic C

10.6%

JPMorgan Claverhouse Inv Trust

9.4%

JPMorgan American Inv Trust

8.9%

JPMorgan US Select Equity C

8.5%

JPMorgan US Equity All Capital C

8.5%

Finsbury Growth & Income

6.7%

JPMorgan European Inv Trust (Growth)

4.4%

FTSE 100 (New Style) Index Equity (Future)

3.9%

JPMorgan Japanese Inv Trust

3.5%

Schroder UK Growth

2.9%

Total

67.3%

Managed Income portfolio 1

Royal Dutch Shell

7.6%

HSBC

5.8%

British American Tobacco

5.2%

GlaxoSmithKline

4.8%

BP

4.0%

Lloyds Banking

3.6%

JPMorgan Global High Yield Bond Fund

3.2%

Rio Tinto

3.2%

BAE Systems

2.9%

Imperial Brands

2.8%

Total

43.1%

Managed Cash portfolio

Aberdeen Sterling Liquidity Fund

16.7%

Institutional Cash Series Heritage Fund

16.7%

JPMorgan Sterling Liquidity Fund

16.7%

Deutsche Global Liquidity Managed Sterling Fund

16.7%

Insight Sterling Liquidity Fund

16.6%

Fidelity Institutional Sterling Cash Fund

16.6%

Total

100.0%

1 Excludes Investments in Liquidity stocks

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Rhys Williams 0044 207 742 5073 - Company Secretary

Date: 12 April 2017