Closed Period

JPMORGAN JAPAN SMALLER

COMPANIES TRUST PLC

(the 'Company')

Closed Period Notification

Information disclosed in accordance with Market Abuse Regulation Article 19, paragraph 11

In accordance with the Market Abuse Regulation the Company announces that it has entered into a closed period, which will remain in place until the Company releases its half year results for the six months ended 30th September 2019.

The Company is satisfied that any inside information which the Directors or the Company may have during the closed period has previously been notified to a Regulated Information Service. The Company is therefore not prohibited from repurchasing its own securities, or issuing new securities, during this closed period.

JPMorgan Funds Limited - Secretary

1st October 2019

For further information, please contact:

Divya Amin

JPMorgan Funds Limited 020 7742 4000