Sector/Geographical Breakdown

Fleming Mercantile Inv Trust PLC
9 April 2002


SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, March 2002

THE FLEMING MERCANTILE INVESTMENT TRUST plc
                                                                       %
BY SECTOR

Cyclical Services                                                    31.3
Financials                                                           16.8
Basic Industries                                                     16.2
Assets/Liabilities                                                   10.1
General Industrials                                                   3.3
Utilities                                                             3.3
Information Technology                                                4.7
Non Cyclical Consumer Goods                                           5.8
Non Cyclical Services                                                 2.9
Resources                                                             2.5
Fixed Interest                                                        0.5
Cyclical Consumer Goods                                               2.6
Total                                                                 100


BY TERRITORY                                                           %

Untied Kingdom                                                       88.7
Assets/Liabilities                                                   10.1
Eire                                                                  0.8
Switzerland                                                           0.2
Israel                                                                0.2

Total                                                                 100


TEN LARGEST INVESTMENTS

United Business                                                       1.9
P&O                                                                   2.0
Rank                                                                  1.7
Haywood Williams                                                      1.6
Carlton Communications                                                1.4
EMAP                                                                  1.6
Associated British Ports                                              1.4
London Stock Exchange                                                 1.4
Johnston Matthey                                                      1.4
GKN                                                                   1.5

Total                                                                15.9




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