Dividend Declaration

JPMorgan Fleming Mercantile IT PLC
15 September 2005


                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC

                           SECOND QUARTERLY DIVIDEND


The Directors have declared that a second quarterly dividend of 4.25 pence per
share will be paid on 1st November 2005 to shareholders on the register as at
close of business on 7th October 2005.


15th September 2005


For further information:

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


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