Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
11 June 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 64,800
ordinary shares for cancellation at 1,306.27 pence per share.


Following the transaction the remaining shares in issue total 111,614,043.



11th June 2007


For further information, please contact:

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



Shamus Henderson
Cazenove, 020 71558122






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