Top Ten Investments

JPMORGAN ELECT PLC (the 'Company')

Legal Entity Identifier: 549300FIUYKKL39ILD07

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 June 2018

Managed Growth portfolio

JPMorgan UK Dynamic C

11.3%

JPMorgan Claverhouse Inv Trust

10.7%

JPMorgan American Inv Trust

9.0%

JPMorgan US Equity All Capital C

8.1%

Finsbury Growth & Income

7.6%

JPMorgan US Select Equity C

7.3%

JPMorgan Japanese Inv Trust

5.6%

JPMorgan European Inv Trust (Growth)

4.1%

Schroder UK Growth

3.2%

Allianz Technology Trust

3.1%

Total

70.0%

Managed Income portfolio

Royal Dutch Shell

9.3%

HSBC

5.9%

BP

5.6%

Rio Tinto

3.9%

GlaxoSmithKline

3.7%

British American Tobacco

3.2%

Lloyds Banking

3.1%

JPMorgan Global High Yield Bond Fund

2.9%

Aviva

2.5%

Vodafone

2.4%

Total

42.5%

Managed Cash portfolio

Institutional Cash Series Heritage Fund

17.1%

JPMorgan Sterling Liquidity Fund

16.8%

Insight Sterling Liquidity Fund

16.7%

Deutsche Global Liquidity Managed Sterling Fund

16.6%

Fidelity Institutional Sterling Cash Fund

16.5%

Aberdeen Sterling Liquidity Fund

16.3%

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: 12 July 2018