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 one of its underlying real estate strategies has called the capital committed by the Company with a funding date no later than Friday 8th November 2019. This capital called equates to $35,518,000 and represents 19.5 per cent. of the initial proceeds and is in line with the indicative asset allocation detailed in the prospectus. Along with the Global Liquid Real Asset Strategy this will mean that close to 40 per cent. of the Company's initial proceeds are now invested. The Company remains on track to have 80 per cent. of its proceeds invested within 6 months, with all net initial proceeds invested within 12 months.

Once fully invested, the net proceeds of the Issue will be invested with the view of providing holders of the Ordinary Shares with stable income and capital appreciation through exposure to a globally diversified portfolio of Core Real Assets in accordance with the Company's investment policy. The Company will initially seek exposure to Core Real Assets through various real asset strategies, namely; Global Infrastructure, Global Real Estate, Global Transport and Global Liquid Real Assets. J.P. Morgan's Alternative Solutions Group will have the primary responsibility for managing the Company's portfolio.

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

29th October 2019

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