Transaction in Own Shares

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

(the "Company")

REPURCHASE OF SHARES

Managed Growth

The Company has today purchased 74,802 Managed Growth shares into Treasury at 631.32 pence per share. Following the transaction the Company holds 3,603,574 Managed Growth shares in Treasury.

The remaining Managed Growth shares in issue less the total number of Treasury shares is 33,885,575.

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

5 August 2016

For further information, please contact:

Rhys Williams

JPMorgan Funds Limited - Secretary

Telephone 020 7742 4000

Julian Dixon

Winterflood Securities - Stockbrokers to the Company

020 3100 0253