Ten Largest Investments

JPMORGAN ELECT PLC (the 'Company')

Legal Entity Identifier: 549300FIUYKKL39ILD07

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 31 December 2018

Managed Growth portfolio

JPMorgan Claverhouse Inv Trust

10.7%

JPMorgan American Inv Trust

9.9%

JPMorgan US Equity All Capital C

8.3%

Finsbury Growth & Income

8.1%

JPMorgan UK Dynamic C

7.9%

JPMorgan US Select Equity C

7.7%

JPM UK Equity Plus C

5.1%

JPMorgan Japanese Inv Trust

4.4%

JPMorgan European Inv Trust (Growth)

4.1%

Murray Income Trust

3.5%

Total

69.5%

Managed Income portfolio

Royal Dutch Shell

9.5%

HSBC

6.3%

BP

5.7%

GlaxoSmithKline

4.3%

Rio Tinto

4.1%

Diageo

2.5%

British American Tobacco

2.5%

Vodafone

2.4%

Unilever

2.4%

Lloyds Banking

2.3%

Total

42.0%

Managed Cash portfolio

Institutional Cash Series Heritage Fund

16.8%

JPMorgan Sterling Liquidity Fund

16.7%

Insight Sterling Liquidity Fund

16.7%

Deutsche Global Liquidity Managed Sterling Fund

16.7%

Aberdeen Sterling Liquidity Fund

16.6%

Fidelity Institutional Sterling Cash Fund

16.5%

Total

100.0%

* Based on invested portfolio

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 14 January 2019