Transaction in Own Shares

Jupiter US Smaller Companies plc (the 'Company')

Transaction in Own Shares

The Company announces that on 15 December 2017 it purchased 15,000 of its Ordinary shares at 852.0 pence per share to be held in treasury.

Following this purchase the issued share capital of the Company is 18,223,413 Ordinary shares, of which 1,165,491 are held in treasury.

For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure of 17,057,922 when determining if they are required to notify their interest in, or a change to their interest in the Company.

For further information, please contact:

Richard Pavry

Head of Investment Trusts

Jupiter Asset Management Limited, Company Secretary

[email protected]

020 3817 1496

15 December 2017

www.jupiteram.com/JUS