Jupiter US Smaller Companies plc (the 'Company')

Transaction in Own Shares

The Company announces that it has purchased 1,950 of its Ordinary shares at 740.56 pence per share for cancellation.

Following this purchase the issued share capital of the Company is 21,395,942 Ordinary shares.

This figure (21,395,942) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Richard Pavry

Head of Investment Trusts

Jupiter Asset Management Limited, Company Secretary

investmentcompanies@jupiteram.com

020 3817 1496

26 August 2016

www.jupiteram.com/JUS