Dividend Declaration

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC

(the 'Company')

DIVIDEND DECLARATION

Legal Entity Identifier: 549300KP3CRHPQ4RF811

Information disclosed in accordance with DTR 6.1.13

Fourth Quarterly Interim Dividend

The Board of JPMorgan Japan Smaller Companies Trust plc announces that the Company's cum income Net Asset Value ('NAV') was 431.1 pence per share at 31st March 2019 (29th March 2019 due to the weekend). Accordingly, in line with the Company's distribution policy, the Directors have declared that a fourth quarterly interim dividend of 4.3p per share for the year ended 31st March 2019 will be paid on 9th May 2019 to shareholders on the register at the close of business on 12th April 2019. The ex-dividend date will be 11th April 2019.

1st April 2019

For further information, please contact:

Divya Amin

For and on behalf of

JPMorgan Funds Limited

020 7742 4000