Total Voting Rights

LONDON STOCK EXCHANGE ANNOUNCEMENT

VOTING RIGHTS AND CAPITAL

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

(the 'Company')

Legal Entity Identifier: 54930049CEWDI46Y3U28

Information disclosed in accordance with DTR 5.6

In conformity with the Transparency Directive, the Company would like to notify the market of the following:

As at 31st January 2019, the Company's issued share capital consists of 159,462,885 Ordinary 5 pence shares with voting rights. JPMorgan European Smaller Companies Trust plc does not hold any shares in Treasury.

Therefore, as at 31st January 2019, the total number of voting rights in JPMorgan European Smaller Companies Trust plc is 159,462,885.

The above figure (159,462,885) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, JPMorgan European Smaller Companies Trust plc under the FCA's Disclosure Guidance and Transparency Rules.

31st January 2019

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000