Net Asset Value(s)

JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC (the 'Company')

Legal Entity Identifier: 549300MDD7SOXDMBN667

THE COMPANY ANNOUNCES THE UNAUDITED NET ASSET VALUES (NAV) As at: 28 July 2017

THE CAPITAL ONLY NET ASSET VALUE PER SHARE IN PENCE, WITH DEBT AT PAR VALUE:

275.7

THE NET ASSET VALUE PER SHARE IN PENCE, INCLUDING INCOME WITH DEBT AT PAR VALUE:

277.2

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Lucy Dina 0044 207 742 3735 - Company Secretary

Date: 31 July 2017