Transaction in Own Shares

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

(the 'Company')

REPURCHASE OF SHARES

Legal Entity Identifier: 549300FIUYKKL39ILD07

Managed Income

The Company has today purchased 30,098 Managed Income shares into Treasury at 68.00 pence per share.

Following the transaction the Company holds 15,542,482 Managed Income shares in Treasury. The remaining Managed Income shares in issue less the total number of Managed Income shares in Treasury 82,928,704.

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

24 March 2020

For further information, please contact:

Priyanka Vijay Anand

JPMorgan Funds Limited - Company Secretary

Telephone 020 7742 4000

Julian Dixon

Winterflood Securities - Stockbrokers to the Company

020 3100 0253