Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
23 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 95,769
ordinary shares for cancellation at 1,186.26 pence per share.

Following the transaction the remaining shares in issue total 107,514,724.

23rd August 2007

For further information, please contact:

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

Shamus Henderson
Cazenove, 020 7155 8122












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