Ten Largest Investments

JPMORGAN BRAZIL INVESTMENT TRUST PLC (the 'Company')

Legal Entity Identifier: 5493002T5BE3YCTKTE20

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 April 2019

Banco Bradesco ADR

9.1%

Itaú Unibanco Multiplo ADR Preference

6.7%

B3 SA - Brasil Bolsa Balcao

6.4%

Lojas Renner

6.3%

Vale

5.9%

Ambev ADR

4.7%

IRB Brasil RE

4.6%

Localiza Rent a Car

3.6%

Banco do Brasil

3.5%

Raia Drogasil

3.3%

Total

54.1%

Name of contact and telephone number for queries:

Paul Ainger 0044 207 742 6524

Name of authorised company official responsible for making this notification:

Divya Amin 0044 207 742 1025 - Company Secretary

Date: 13 May 2019