LONDON STOCK EXCHANGE ANNOUNCEMENT

24 June 2024

Portfolio Manager Changes

The Board of JPMorgan Claverhouse Investment Trust plc (the "Company" or "JCH") has been notified that William Meadon is leaving J.P.Morgan Asset Management ("JPMorgan") in August 2024 after 28 years.

The Board has reviewed the Company's portfolio management arrangements with JPMorgan and is pleased to confirm that Callum Abbot, who has been a co-manager on the Company for the last six years, remains in this role and will be joined by Anthony Lynch and Katen Patel, as co-managers, with effect from 1 July 2024.

There is no change to the Company's investment objective or investment policy as a result of this change, which remain "to provide shareholders with a combination of capital and income growth from UK investments; investments will be made in a diversified portfolio consisting mostly of leading companies listed on the London Stock Exchange. The Company's portfolio consists of between 60 and 80 investments in which the Manager has high conviction."

Anthony and Katen both have experience of managing investment trusts and have demonstrated strong performance track records. They currently manage the JPM UK Equity Income Fund, which has outperformed its benchmark and is in the top quartile over 1 and 5 years and since inception in May 2017.

The Chairman of JCH, David Fletcher, commented:

"The Board would like to thank William for his significant contribution to the Company over the past 12 years and wish him every success in his future endeavours.  We are pleased to welcome Anthony and Katen as co-managers of the Company's portfolio, alongside Callum. Both Anthony and Katen have strong track records of managing UK equity income portfolios and we have confidence that their addition to the investment team will benefit shareholders.

JCH is an AIC Dividend Hero*, delivering annual dividend growth for its shareholders every year since 1973. In particular, Anthony and Katen have experience investing in companies across the market capitalisation spectrum which we believe will assist the Company in continuing to fulfil its progressive dividend policy objective by focusing on high quality stocks with the ability to generate consistent and growing dividends. We look forward to working with the portfolio management team at this exciting time for investing in UK markets."

Portfolio Manager Biographies

Anthony Lynch, executive director, is a portfolio manager within JPMorgan's International Equity Group, based in London. He is a member of the UK Mid and Small Cap investment team, is a co-manager on The Mercantile Investment Trust plc and has additional responsibilities for equity income mandates investing in the listed UK market. An employee since 2009, Anthony joined the firm as a graduate trainee. He obtained a B.A. (Hons) in Economics from Durham University and is a CFA charterholder.

Callum Abbot, executive director, is a portfolio manager within the JPMorgan's International Equity Group, based in London. He is a member of the Core investment team and has been a co-manager on JPMorgan Claverhouse Investment Trust plc since 2018. An employee since 2012, Callum joined the firm as a graduate trainee. Callum obtained a BA (Hons) in Geography and Management at the University of Cambridge and is a CFA charterholder.

Katen Patel, executive director, is a portfolio manager within the JPMorgan's International Equity Group, based in London. He is a member of the UK Mid and Small Cap investment team, is a co-manager on JPMorgan UK Small Cap Growth & Income plc and has additional responsibilities for equity income mandates investing in the listed UK market. An employee since April 2013, he previously worked at HSBC Bank Plc in a European equity sales role. He obtained a BSc. in Management from the London School of Economics and Political Science and is a CFA charterholder.

For further information please contact:

JPMorgan Claverhouse Investment Trust plc         Contact via the Company Secretary

David Fletcher

JPMorgan Funds Limited - Company Secretary     +44 (0) 20 7742 4000

Anmol Dhillon

Deutsche Numis - Corporate Broker                                   +44 (0) 20 7260 1426

Nathan Brown

* Awarded to investment companies that have increased their dividends each year for 20 years or more. In 2023, the Company raised its dividend for its 51st consecutive year.