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 Dec 2017

Managed Growth portfolio

JPMorgan UK Dynamic C

11.0%

JPMorgan Claverhouse Inv Trust

10.3%

JPMorgan American Inv Trust

8.7%

JPMorgan US Select Equity C

8.6%

JPMorgan US Equity All Capital C

8.1%

Finsbury Growth & Income

7.3%

JPMorgan European Inv Trust (Growth)

4.8%

JPMorgan Japanese Inv Trust

4.3%

Schroder UK Growth

3.0%

Murray Income Trust

2.8%

Total

68.9%

Managed Income portfolio

Royal Dutch Shell

9.1%

HSBC

6.4%

BP

5.0%

British American Tobacco

4.6%

Rio Tinto

3.7%

Vodafone

3.5%

Lloyds Banking

3.4%

JPMorgan Global High Yield Bond Fund

3.0%

GlaxoSmithKline

2.9%

Prudential

2.7%

Total

44.3%

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: 11 January 2018