Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
03 April 2008



                       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 50,683
ordinary shares for cancellation at 994.36 pence per share.



Following the transaction the remaining shares in issue total 104,252,483.





3rd April 2008





For further information, please contact:



Juliet Dearlove

JPMorgan Asset Management (UK) Limited, 020 7742 6000



Shamus Henderson

Cazenove, 020 7155 8122












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