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 Nov 2017

Itaú Unibanco Multiplo ADR Preference

9.7%

Banco Bradesco ADR

6.3%

Vale

6.2%

B3 SA - Brasil Bolsa Balcao

5.4%

Lojas Renner

5.4%

Raia Drogasil

5.2%

Ambev ADR

5.0%

Kroton Educacional

4.8%

WEG

4.3%

Fleury

3.5%

Total

55.8%

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: 12 December 2017