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: 30 April 2018

Managed Growth portfolio

JPMorgan UK Dynamic C

11.3%

JPMorgan Claverhouse Inv Trust

10.7%

JPMorgan American Inv Trust

8.6%

JPMorgan US Equity All Capital C

7.7%

Finsbury Growth & Income

7.3%

JPMorgan US Select Equity C

7.1%

JPMorgan Japanese Inv Trust

5.4%

JPMorgan European Inv Trust (Growth)

4.4%

Schroder UK Growth

3.2%

The Mercantile Inv Trust

3.1%

Total

68.8%

Managed Income portfolio

Royal Dutch Shell

9.9%

HSBC

6.3%

BP

5.5%

Rio Tinto

3.8%

GlaxoSmithKline

3.8%

British American Tobacco

3.6%

Lloyds Banking

3.4%

Vodafone

3.3%

JPMorgan Global High Yield Bond Fund

3.0%

Prudential

2.7%

Total

45.3%

Managed Cash portfolio

Fidelity Institutional Sterling Cash Fund

16.8%

JPMorgan Sterling Liquidity Fund

16.8%

Institutional Cash Series Heritage Fund

16.7%

Deutsche Global Liquidity Managed Sterling Fund

16.6%

Aberdeen Sterling Liquidity Fund

16.6%

Insight Sterling Liquidity Fund

16.5%

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 May 2018