Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
21 December 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 75,000
ordinary shares for cancellation at 1,047.80 pence per share.



Following the transaction the remaining shares in issue total 105,064,395.





21st December 2007





For further information, please contact:



Jonathan Latter

JPMorgan Asset Management (UK) Limited, 020 7742 6000



Shamus Henderson

JPM Cazenove










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