Directorate Change

JPMorgan Fleming Mercantile IT PLC
23 September 2005



                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC



                              DIRECTOR APPOINTMENT


The Board of JPMorgan Fleming Mercantile Investment Trust plc is pleased to
announce the appointment of Charles Peel as a Director with effect from 1st
October 2005. Mr Peel brings a wealth of investment experience to the Board,
having previously held senior positions with Fielding Newson-Smith & Co and
Morgan Grenfell Securities. In 1989 he was a founding director of Peel Hunt and
Co. Limited. He retired from the City in September 2004 and is now a
non-executive director of Ingenious Music VCT plc and Artemis Alpha Trust plc
and is actively involved with a number of private companies.



23rd September 2005


For further information:





Jonathan Latter

JPMorgan Asset Management (UK) Limited ......................... 020 7742 6000


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