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 2018

Itaú Unibanco Multiplo ADR Preference

10.4%

Banco Bradesco ADR

9.2%

Vale

7.8%

B3 SA - Brasil Bolsa Balcao

5.4%

Lojas Renner

4.7%

Ambev ADR

4.6%

Raia Drogasil

3.7%

Kroton Educacional

3.4%

Fleury

3.2%

Localiza Rent a Car

3.2%

Total

55.6%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Divya Amin 0044 207 742 1025 - Company Secretary

Date: 11 May 2018