Dividend Declaration

JPMorgan Fleming Mercantile IT PLC
14 December 2005


                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC

                            THIRD QUARTERLY DIVIDEND


The Directors have declared that a third quarterly dividend of 4.25 pence per
share will be paid on 1st February 2006 to shareholders on the register as at
close of business on 13th January 2006.

14th December 2005

For further information:

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


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