Update on Investment Progress

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

Update on Investment Progress

Legal Entity Identifier: 549300D8JHZTH6GI8F97

JPMorgan Global Core Real Assets Limited (the 'Company') is pleased to announce that $75,694,563 of the Company's committed capital has been called, with a funding date no later than 1st October 2020. This capital is being called by two of the higher-yielding underlying strategies; the Global Core Infrastructure and Global Transport Income strategies. Collectively, the Manager estimates that, at current yields and exchange rates, these additional strategies will generate 0.58 pence per share of revenue each quarter.

Along with existing investments into the Global Liquid Real Asset and Private U.S. Real Estate strategies, this means that a total of $181,163,783 will shortly have been deployed. This equates to 99.5% of initial IPO proceeds and fulfills the aim stated in the Prospectus, where the Manager believed there was capacity to 'allow the Net Initial Proceeds to be called and invested within 12 months following Initial Admission.' The Board and Manager are pleased the Company has achieved this despite the disruption COVID-19 has caused in global markets. These two new capital calls therefore increase the Company's investment level significantly, add diversification across sectors, geographies and asset type, as well as materially bolstering the portfolio revenue.

Post the two capital calls and inclusive of the capital raised post-IPO, the Company will be c.74% invested. The Company is still awaiting its initial capital call into the final strategy, the Private Asia-Pacific Real Estate strategy and expects this to occur during the fourth quarter of 2020. That next investment will result in the Company having materially deployed all capital raised since its IPO.

The Manager continues to see attractive opportunities in real assets across the JPMorgan Asset Management Alternatives Platform and the Company will seek to raise further equity as client demand and market opportunities present themselves.

Further updates will be provided as material notifications are received by the Company.

24th September 2020

Alison Vincent

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

Enquiries:

Fin Bodman / Richard Plaskett

JPMorgan Funds Limited

Telephone 0207 742 4000

Charlotte Crowe

J.P.Morgan Securities plc

0207 742 8805