Dividend Declaration

JPMorgan Fleming Mercantile IT PLC
26 June 2007




                       LONDON STOCK EXCHANGE ANNOUNCEMENT

              JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC

                            FIRST QUARTERLY DIVIDEND


The Directors have declared that a first quarterly dividend of 5.50p per share
will be paid on 1st August 2007 to shareholders on the register as at the close
of business on 6th July 2007.

As stated in the last annual report, it is the Board's intention to continue to
operate a progressive dividend policy and to increase the level of the first
three quarterly dividends for the current financial year, which will spread the
total dividend more evenly through the year.



JPMorgan Asset Management (UK) Limited - Secretary


26th June 2007



For further information, please contact:


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





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

DIVEADKKASEXEFE