Transaction in Own Shares

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

('the Company')

REPURCHASE OF SHARES

Managed Growth

JPMorgan Elect plc has today purchased 9,482 Managed Growth shares into Treasury at 679.653 pence per share.

Following the transaction the Company holds 3,962,394 Managed Growth shares in Treasury. The remaining Managed Growth shares in issue less the total number of Treasury shares is 33,829,998.

The Company will only re-issue shares held in Treasury at a premium to Net Asset Value.

23 December 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