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: 31 Jan 2018

Itaú Unibanco Multiplo ADR Preference

10.4%

Banco Bradesco ADR

9.1%

Vale

7.4%

B3 SA - Brasil Bolsa Balcao

5.3%

Lojas Renner

5.3%

Raia Drogasil

4.4%

Ambev ADR

4.2%

Kroton Educacional

3.8%

Fleury

3.6%

Ultrapar Participações

3.4%

Total

56.9%

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 February 2018