Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
16 August 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 24,665
ordinary shares for cancellation at 1,133.94 pence per share.

Following the transaction the remaining shares in issue total 107,620,493.



16th August 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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