Holding(s) in Company

Fleming Mercantile Inv Trust PLC
01 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

THE FLEMING MERCANTILE INVESTMENT TRUST PLC



2. Name of shareholder having a major interest


LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


IN RESPECT OF SHAREHOLDER IN 2 ABOVE



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 914945 - 50,193

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 886603 - 2,130,000

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245 - 747,482

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 770286 - 178,000

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206 - 3,335,861

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 866203 - 199,800 

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 360509 - 166,272

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 766793 - 25,000    

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 924422 - 16,554



5. Number of shares / amount of stock acquired


400,000



6. Percentage of issued class


0.29 %



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


ORDINARY SHARES OF 25P



10. Date of transaction


23 SEPTEMBER 2003



11. Date company informed


26 SEPTEMBER 2003



12. Total holding following this notification


6,849,162



13. Total percentage holding of issued class following this notification


5.04%



14. Any additional information






15. Name of contact and telephone number for queries


LUCY SULLIVAN - 020 7742 3451



16. Name of authorised company official responsible for making this notification


JONATHAN LATTER - 020 7742 3408



Date of notification


1 OCTOBER 2003



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