Ten Largest Investments

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

Legal Entity Identifier: 549300MDD7SOXDMBN667

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 June 2017

Toro

2.8%

AptarGroup

2.6%

Douglas Dynamics

2.4%

Pool

2.3%

Spectrum Brands

1.9%

Catalent

1.8%

West Pharmaceutical Services

1.8%

HealthSouth

1.8%

Portland General Electric

1.4%

NorthWestern

1.4%

Total

20.2%

Excludes Investments in Liquidity stocks

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: 12 July 2017