Replacement Transaction in Own Shares

REPLACEMENT LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN AMERICAN INVESTMENT TRUST PLC

(the 'Company')

REPURCHASE OF ORDINARY SHARES INTO TREASURY

This announcement is made in replacement of 6125Y released at 16.53 on 06 December 2017.

The full revised announcement is below.

Legal Entity Identifier: 549300QNAI4XRPEB4G65

Information disclosed in accordance with LR 12.4.6 and DTR 5.5.1

The Company announces that it has purchased 130,000 ordinary shares into Treasury at 394.95 pence per share.

Following the transaction the Company holds 50,370,024 shares in Treasury. The shares in issue less the total number of Treasury shares is 231,263,886. The Company will only re-issue shares held in Treasury at a premium to net asset value.

7 December 2017

For further information, please contact:

Alison Vincent

JPMorgan Funds Limited

020 7742 4000