Directorate Change

JPMorgan US Smaller Companies Investment Trust plc

Directorate Changes

Legal Entity Identifier: 549300MDD7SOXDMBN667

Information disclosed in accordance with the LR 9.6.13 (1) - (6)

The Board of JPMorgan US Smaller Companies Investment Trust plc, as part of its succession planning, is pleased to announce the appointment of Mr Christopher Metcalfe and Mr Dominic Neary as independent non-executive Directors of the Company with effect from 1st January 2019.

Mr Metcalfe has extensive US equity fund management and investment trust experience. He also has a deep understanding of UK investors having worked for a decade each at three of the largest fund management institutions in London; namely in senior positions managing investment funds at Newton Investment Management, Schroder Investment Management and Henderson Administration Group plc.

Mr Neary has managed US and global equity portfolios over his 20-year investment career, and has been involved with investment trusts throughout this time. In January 2018 Mr Neary was appointed to the board of the Value and Income Trust, an investment trust focused on generating income from a portfolio of directly-held UK equities and commercial properties. Prior to this, he was the manager of The Scottish American Investment Company PLC and an investment manager at Baillie Gifford & Co., Edinburgh and numerous other investment institutions.

No further information is to be disclosed in respect of paragraphs 9.6.13 (1) - (6) of the UKLA Listing Rules for Mr Metcalfe and Mr Neary.

9th November 2018

For further information, please contact:

Lucy Dina

JPMorgan Funds Limited - Company Secretary

020 7742 4000