Dividend Declaration

Fleming Mercantile Inv Trust PLC
23 November 2000


                            THIRD INTERIM DIVIDEND

The Directors have declared that a third interim dividend of 3.00p (net) (1999:
2.70p) will be paid on 1 February 2001 to shareholders on the register as at
close of business on 3rd January 2001. (XD 27th December 2000)


Chase Fleming Asset Management (UK) Limited - Secretary


For further information:

Fraser Easton
Chase Fleming Asset Management (UK) Limited....................020 7742 6000