Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
11 April 2007



The following replaces the 'Transaction in Own Shares' announcement released on
10th April 2007 at 17:33 under RNS Number 6449U.


The shares for cancellation were 30,000 representing 0.02% and not 52,000
representing 0.002%, as previously stated. All other information remains the
same. Please see below for the revised announcement.




                          STOCK EXCHANGE ANNOUNCEMENT

                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Mercantile Investment Trust plc announces that today in the
market they purchased for cancellation 30,000 ordinary shares at 1345.75 pence
per share representing 0.02% of the ordinary shares in issue.

The current repurchase authority for 19,231,222 shares was approved by
shareholders on 24th May 2006.  To date 5,286,432 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 123,007,244.


10th April 2007



For further information, please contact:



Andrew Norman
JPMorgan Asset Management (UK) Limited, 020 7742 6000



Gavin Tooke
Dresdner Kleinwort








                      This information is provided by RNS
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