Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
07 December 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


SOCIETE GENERALE SA



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


SOCIETE GENERALE OPTIONS EUROPE                    1,305,039
SOCIETE GENERALE LONDON BRANCH                     3,045,000



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 APPLICABLE



8. Percentage of issued class


NOT APPLICABLE



9. Class of security


ORDINARY SHARES OF 25P



10. Date of transaction


5 DECEMBER 2005



11. Date company informed


7 DECEMBER 2005



12. Total holding following this notification


4,350,039



13. Total percentage holding of issued class following this notification


3.21%



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


ANDREW NORMAN - 020 7742 6000



Date of notification


7 DECEMBER 2005





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