Dividend Declaration

JPMorgan Fleming Mercantile IT PLC
07 June 2006




                          STOCK EXCHANGE ANNOUNCEMENT


                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC

                            FIRST QUARTERLY DIVIDEND


The Directors have declared that a first quarterly dividend of 4.50p per share
will be paid on 1st August 2006 to shareholders on the register as at close of
business on 7th July 2006.


JPMorgan Asset Management (UK) Limited - Secretary


7th June 2006

For further information, please contact:


Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000







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