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 2019

Managed Growth portfolio

JPMorgan Claverhouse Inv Trust

10.7%

JPMorgan American Inv Trust

9.8%

JPMorgan US Equity All Capital C

8.5%

Finsbury Growth & Income

7.9%

JPMorgan UK Dynamic C

7.8%

JPMorgan US Select Equity C

6.3%

JPM UK Equity Plus C

5.1%

JPMorgan Japanese Inv Trust

4.2%

JPMorgan European Inv Trust (Growth)

4.1%

Murray Income Trust

3.4%

Total

67.7%

Managed Income portfolio

Royal Dutch Shell

9.1%

HSBC

6.0%

BP

5.7%

Rio Tinto

4.4%

GlaxoSmithKline

4.1%

British American Tobacco

2.5%

Diageo

2.5%

Lloyds Banking

2.5%

Prudential

2.3%

Aviva

2.3%

Total

41.4%

Managed Cash portfolio

Institutional Cash Series Heritage Fund

16.8%

JPMorgan Sterling Liquidity Fund

16.7%

Insight Sterling Liquidity Fund

16.7%

Deutsche Global Liquidity Managed Sterling Fund

16.7%

Aberdeen Sterling Liquidity Fund

16.6%

Fidelity Institutional Sterling Cash Fund

16.5%

Total

100.0%

* 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 2019