Transaction in Own Shares

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

(the 'Company')

REPURCHASE OF SHARES

Legal Entity Identifier: 549300FIUYKKL39ILD07

Managed Growth

The Company has today purchased 18,500 Managed Growth shares into Treasury at 797.00 pence per share.

Following the transaction the Company holds 8,508,822 Managed Growth shares in Treasury. The remaining Managed Growth shares in issue less the total number of Managed Growth shares in Treasury is 29,780,598.

The Company will only re-issue shares held in Treasury at a premium to net asset value.

22 July 2020

For further information, please contact:

Priyanka Vijay Anand

JPMorgan Funds Limited - Secretary

Telephone 020 7742 4000

Julian Dixon

Winterflood Securities - Stockbrokers to the Company

020 3100 0253