Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
02 August 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC



2. Name of shareholder having a major interest


LEGAL & GENERAL INVESTMENT GROUP PLC



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or 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 SHAREHOLDER IN 2 ABOVE



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


HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 914945 - 48,093

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 942205 - 361,374

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 942187 - 419,178

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245 - 898,286

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206 - 3,872,078

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 866203 - 195,200

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 969995 - 309,198

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 360509 - 221,472 

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 766793 - 184,400

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 766793 - 209,340



5. Number of shares / amount of stock acquired


NOT NOTIFIED



6. Percentage of issued class


NOT NOTIFIED



7. Number of shares / amount of stock disposed


NOT NOTIFIED



8. Percentage of issued class


NOT NOTIFIED



9. Class of security


ORDINARY SHARES OF 25P



10. Date of transaction


29 JULY 2005



11. Date company informed


2 AUGUST 2005



12. Total holding following this notification


6,718,619



13. Total percentage holding of issued class following this notification


4.96%



14. Any additional information






15. Name of contact and telephone number for queries


NICOLA WALTERS - 020 7742 3453



16. Name of authorised company official responsible for making this notification


JONATHAN LATTER - 020 7742 6000



Date of notification


2 AUGUST 2005




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