Director/PDMR Shareholding

28 September 2020

JPMorgan Japan Smaller Companies Trust plc (the" Company")

Director / PDMR Shareholding

1.

Details of the person discharging managerial responsibilities / persons closely associated

a)

Name

DEBORAH GUTHRIE (on behalf of PCA - James Wise)

2.

Reason for the notification

a)

Position / Status

DIRECTOR

b)

Initial notification/ Amendment

INITIAL NOTIFICATION

3.

Details of the issuer

a)

Name

JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC

b)

Legal Identifier Code

549300KP3CRHPQ4RF811

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument Identification code

ORDINARY SHARES OF 10 PENCE EACH

GB0003165817

b)

Nature of the Transaction

PURCHASE

c)

Price and Volume

 Price

Volume

509.96 pence per share

1,948 shares

d)

Aggregated information

- Aggregated price

- Price

N/A (Single Transaction)

e)

Total holding post transaction

16,558 Ordinary shares

e)

Date of transaction

28th September 2020

f)

Place of transaction

London Stock Exchange, Main Market