JPMORGAN JAPAN SMALL CAP G&I PLC

AGM Information • Jul 25, 2024

THE COMPANIES ACT 2006 _______________________

COMPANY LIMITED BY SHARES _______________________

RESOLUTIONS OF JPMORGAN JAPAN SMALL CAP GROWTH & INCOME PLC (the "Company") ______________________

Passed on 25 July 2024 _____________________

At the Annual General Meeting of the Company duly convened and held at 60 Victoria Embankment, London EC4Y 0JP on 25 July 2024 at 12 noon, the following resolutions, as set out in the Notice of Meeting, were passed, resolution 9 as ordinary resolution and resolution 10, 11 and 12 as special resolutions:

ORDINARY RESOLUTION

9. Authority to allot new shares

THAT the Directors of the Company be and they are hereby generally and unconditionally authorised (in substitution of any authorities previously granted to the Directors), pursuant to and in accordance with Section 551 of the Companies Act 2006 (the 'Act') to exercise all the powers of the Company to allot equity securities in the Company and to grant rights to subscribe for, or to convert any security into, Ordinary shares in the Company ('Rights') up to an aggregate nominal amount of £541,691 or, if different, the aggregate nominal amount representing approximately 10% of the Company's issued Ordinary share capital (excluding shares held in Treasury) as at the date of the passing of this resolution providing that this authority shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2025 unless renewed at a general meeting prior to such time, save that the Company may before such expiry make offers, agreements or arrangements which would or might require equity securities to be allotted or Rights to be granted after such expiry and so that the Directors of the Company may allot equity securities and grant Rights in pursuance of such offers, agreements or arrangements as if the authority conferred hereby had not expired.

SPECIAL RESOLUTION

10. Authority to disapply pre-emption rights on allotment of relevant securities

THAT subject to the passing of Resolution 9, the Directors of the Company be and they are hereby empowered pursuant to Sections 570 and 573 of the Act to allot equity securities (within the meaning of Section 560 of the Act) for cash pursuant to the authority conferred by Resolution 9 or by way of a sale of Treasury shares as if Section 561(1) of the Act did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities for cash up to an aggregate nominal amount of £541,691 or, if different, the aggregate nominal amount representing approximately 10% of the total Ordinary share capital (excluding shares held in Treasury) as at the date of the passing of this resolution at a price of not less than the net asset value per share and shall expire upon the expiry of the general authority conferred by Resolution 9, save that the Company may before such expiry make offers, agreements or arrangements which would or might require equity securities to be allotted after such expiry and so that the Directors of the Company may allot equity securities in pursuance of such offers, agreements or arrangements as if the power conferred hereby had not expired.

11. Authority to repurchase the Company's shares

THAT the Company be generally and, subject as hereinafter appears, unconditionally authorised in accordance with Section 701 of the Act to make market purchases (within the meaning of Section 693 of the Act) of its issued Ordinary shares on such terms and in such manner as the Directors may from time to time determine.

PROVIDED ALWAYS THAT

• (i) the maximum number of Ordinary shares hereby authorised to be purchased shall be 8,119,962 or, if fewer, that number of Ordinary shares which is equal to 14.99% of the Company's issued share capital (excluding shares held in Treasury) as at the date of the passing of this Resolution;
• (ii) the minimum price which may be paid for an Ordinary share shall be 10 pence;
• (iii) the maximum price which may be paid for a share shall be an amount equal to the highest of: (a) 105% of the average of the middle market quotations for a share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased; or (b) the higher of the price of the last independent trade; or (c) the highest current independent bid;
• (iv) any purchase of Ordinary shares will be made in the market for cash at prices below the prevailing NAV per share (as determined by the Directors);
• (v) the authority hereby conferred shall expire on 25th January 2026 unless the authority is renewed at the Company's Annual General Meeting in 2025 or at any other general meeting prior to such time; and
• (vi) the Company may make a contract to purchase shares under the authority hereby conferred prior to the expiry of such authority which contract will or may be executed wholly or partly after the expiry of such authority and may make a purchase of shares pursuant to any such contract notwithstanding such expiry.

12. Authority to hold general meetings

THAT, a general meeting, other than an Annual General Meeting, may be called on not less than 14 clear days' notice.

Sachu Saji

For and on behalf of JPMorgan Funds Limited Company Secretary 25 July 2024