Ten Largest Investments

JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC (the 'Company')

Legal Entity Identifier: 549300KP3CRHPQ4RF811

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 28 Feb 2018

Benefit One

2.2%

SUMCO

2.2%

Misumi Group

2.2%

Sanwa

2.0%

SMS

1.8%

Asahi Intecc

1.7%

Nittoku Engineering

1.7%

IRISO Electronics

1.7%

Nohmi Bosai

1.7%

Yamabiko Corporation

1.6%

Total

18.8%

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 March 2018