Ten Largest Investments

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC (the 'Company')

Legal Entity Identifier: 54930049CEWDI46Y3U28

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 April 2018

Sopra Steria

2.8%

Rubis

2.7%

Alten

2.6%

IMCD

2.5%

dorma+kaba

2.4%

Huhtamaki

2.3%

Vopak

2.2%

Thule Group

2.2%

TKH

2.2%

Datalogic

2.1%

Total

24.0%

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:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 11 May 2018