Results of Class and General Meetings

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR THE REPUBLIC OF SOUTH AFRICA

15th February 2019

JPMorgan Elect plc

Change in Investment Objective and Policy of the Manged Cash Shares

Authority to allot New JPM Elect Shares and disapplication of pre-emption rights in connection with a proposed scheme of reconstruction of El Oro Ltd.

Results of General Meeting and Class Meetings

Further to the shareholder circular dated 21 January 2019 (the "Circular") the Board of JPMorgan Elect plc ("JPM Elect" or the "Company") is pleased to announce that all of the resolutions relating to (i) the change of Investment Objective and Policy of the Managed Cash Share class and (2) the authority to allot New JPM Elect Shares and the disapplication of pre-emption rights in connection with the proposed scheme of reconstruction of El Oro Ltd. (the "Scheme") put to shareholders today at the Managed Cash Class Meeting, the Managed Growth Class Meeting, the Managed Income Class Meeting (all of which were adjourned and reconvened on the same day on 15 February 2019) and the General Meeting were duly passed.

It is expected that the transition of the Managed Cash holdings into JPMorgan Funds - Sterling Managed Reserves Fund will take effect before the end of February 2019.

The full text of the resolutions can be found in the notices to the Meetings contained in the Circular which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmelect.co.uk.

A summary of proxy votes received will shortly be available on the Company's website, www.jpmelect.co.uk.

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