Dividend Declaration

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

DIVIDEND DECLARATION

Legal Entity Identifier: 54930049CEWDI46Y3U28

Information disclosed in accordance with DTR 6.1.13

The Board of JPMorgan European Smaller Companies Trust plc announces today that, subject to shareholder approval at the forthcoming Annual General Meeting, a final dividend of 5.5 pence per share will be paid on 31st July 2020 to shareholders on the register at the close of business on 25th June 2020 (ex dividend date 26th June 2020).

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

12th June 2020