Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
11 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 yesterday purchased 60,000
ordinary shares for cancellation at 1,291.07 pence per share.

Following the transaction the remaining shares in issue total 108,328,373.

11th July 2007


For further information, please contact:

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

Shamus Henderson
Cazenove, 020 7155 8122



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