Ten Largest Investments

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

Legal Entity Identifier: 549300KP3CRHPQ4RF811

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 31 Aug 2017

Iriso Electronics

2.7%

Asahi Intecc

2.4%

Misumi Group

2.4%

Benefit One

2.3%

Seria

2.1%

Sanwa

2.0%

Nittoku Engineering

1.9%

Taiheiyo Cement

1.9%

Cosmos Pharmaceutical

1.8%

Persol Holdings

1.7%

Total

21.2%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Alison Vincent 0044 207 742 6216 - Company Secretary

Date: 11 September 2017