JPMorgan Japanese Investment Trust plc announced the appointment of Mr. Takashi Maruyama as a Non-Executive Director of the Company with effect from 1st October 2025. He will replace Mr. George Olcott, who is due to step down from the Board at the end of his tenure in January 2026. Mr. Takashi Maruyama is the former Managing Executive Officer and Chief Investment Officer (CIO) of Asset Management One Co.

Ltd., one of Japan's largest asset management firms with over USD 500 billion in assets under management.He held this role from April 2022 untilMarch2025. He brings with him more than three decades of experience in the global investment management industry.Prior to joining Asset Management One, Mr. Maruyama served as CIO at FIL Investments(Japan) Ltd. (Fidelity International) from 2015.Before that, he held senior leadership positions at Nikko Asset Management, including Head of Japanese Equity and Alternative Investments. His earlier career includes roles at DIAM USA and the Industrial Bank of Japan (IBJ), where he began his career in portfolio management.

Mr. Maruyama has been recognized for his leadership in the industry, including being named one of the "Top 10 Chief Investment Officers in Asia" by CEO Insights Asia in 2023. He holds a degree inMaster of Science in Engineering, and is fluent in both Japanese and English, enabling him to bridge insights across markets and cultures. Mr. Maruyama is based in Japan and currentlyowns no shares in the Company.