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 January 2020

Managed Growth portfolio

JPMorgan American Inv Trust

10.3%

JPMorgan Claverhouse Inv Trust

10.2%

JPMorgan US Equity All Capital C

9.0%

Finsbury Growth & Income

8.8%

JPMorgan UK Dynamic C

7.5%

JPM UK Equity Plus C

6.8%

JPMorgan US Select Equity C

6.2%

Murray Income Trust

4.2%

The Mercantile Inv Trust

3.7%

JPMorgan European Inv Trust (Growth)

3.0%

Total

69.5%

Managed Income portfolio

Royal Dutch Shell

7.4%

GlaxoSmithKline

5.0%

BP

4.8%

AstraZeneca

4.2%

Diageo

3.4%

HSBC

3.4%

British American Tobacco

3.1%

Rio Tinto

2.7%

Unilever

2.4%

National Grid

2.1%

Total

38.5%

* Based on invested portfolio

Name of contact and telephone number for queries:

Paul Ainger 0044 207 742 6524

Name of authorised company official responsible for making this notification:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 13 February 2020