Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
09 July 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Mercantile Investment Trust plc has today purchased 527,567
ordinary shares for cancellation at 1,305.89 pence per share.

Following the transaction the remaining shares in issue total 108,388,373.

9th July 2007


For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Gavin Tooke
Dresdner Kleinwort, 020 74756685




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

POSILFLDDFIAIID