Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
15 January 2007






                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of listed company

JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC


2. Name of shareholder having a major interest

SOCIETE GENERALE SA


3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; in respect of a non-beneficial interest; or
in the case of an individual holder if it is a holding of that person's spouse
or children under the age of 18

IN RESPECT OF 2 ABOVE AND NON- BENEFICIAL


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

SOCIETE GENERALE OPTION EUROPE           708,291

SOCIETE GENERALE LONDON BRANCH         3,045,000


5. Number of shares / amount of stock acquired

N/A


6 Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A


7. Number of shares / amount of stock disposed

NOT DISCLOSED


8 Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A


9. Class of security

ORDINARY 25 PENCE


10. Date of transaction

NOT DISCLOSEd


11. Date listed company informed

15TH JANUARY 2007


12. Total holding following this notification

3,753,291


13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account when
calculating percentage)

COMPANY NO LONGER HOLDS A NOTIFIABLE INTEREST


14. Any additional information

N/A


15. Name of contact and telephone number for queries

ALEX PARRY - 0207 742 6000


16. Name and signature of duly authorised officer of the listed company
responsible for making this notification

JONATHAN LATTER


Date of notification

15TH JANUARY 2006



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