Transaction in Own Shares

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

(the 'Company')

REPURCHASE OF SHARES

Legal Entity Identifier: 549300FIUYKKL39ILD07

The announcement replaces RNS 9756M released at 17.12 on 14 May 2020. The correction being made is to the quantity of Managed Income Shares. The full revised announcement is set out below.

Managed Growth

The Company has today purchased 7,504 Managed Growth shares into Treasury at 711.70 pence per share.

Following the transaction the Company holds 8,325,829 Managed Growth shares in Treasury. The remaining Managed Growth shares in issue less the total number of Managed Growth shares in Treasury is 29,984,890

The Company will only re-issue shares held in Treasury at a premium to net asset value.

Managed Income

The Company has today purchased 52,739 Managed Income shares into Treasury at 77.55 pence per share.

Following the transaction the Company holds 15,864,743 Managed Income shares in Treasury. The remaining Managed Income shares in issue less the total number of Managed Income shares in Treasury is 82,606,443.

The Company will only re-issue shares held in Treasury at a premium to net asset value.

15 May 2020

For further information, please contact:

Priyanka Vijay Anand

JPMorgan Funds Limited

Telephone 020 7742 4000

Julian Dixon

Winterflood Securities - Stockbrokers to the Company

020 3100 0253