Dividend Declaration

Fleming Mercantile Inv Trust PLC
28 November 2003




                  THE FLEMING MERCANTILE INVESTMENT TRUST PLC

                             THIRD INTERIM DIVIDEND



The Directors have declared that a third interim dividend of 4.25p per share
will be paid on 2nd February 2004 to shareholders on the register as at close of
business on 9th January 2004 (XD 7th January 2004).



28th November 2003


J.P. Morgan Fleming Asset Management (UK) Limited - Secretary



For further information:


Richard Lewis
J.P. Morgan Fleming Asset Management (UK) Limited 020 7742 6000


                      This information is provided by RNS
            The company news service from the London Stock Exchange