Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
24 August 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC


2. Name of shareholder having a major interest

BARCLAYS PLC


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

BARCLAYS CAPITAL NOMINEES LIMITED                    12,446
BARCLAYS TRUST CO                                   815,847
BOISS NOMINEES LTD                                   59,525
CHASE NOMINEES LTD                                  122,468
GERRARD NOMINEES LIMITED                             38,505
GREIG MIDDLETON NOMINEES LTD                        231,263
JP MORGAN (BGI CUSTODY)                           1,813,360
R C GREIG NOMINEES LIMITED                        3,584,053


5. Number of shares / amount of stock acquired

NOT NOTIFIED


6. Percentage of issued class

NOT NOTIFIED


7. Number of shares / amount of stock disposed

NOT NOTIFIED


8. Percentage of issued class

NOT NOTIFIED


9. Class of security

ORDINARY SHARES OF 25P


10. Date of transaction

19 AUGUST 2005


11. Date company informed

24 AUGUST 2005


12. Total holding following this notification

6,677,467


13. Total percentage holding of issued class following this notification

4.93%


14. Any additional information




15. Name of contact and telephone number for queries

NICOLA WALTERS - 020 7742 3453


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

JONATHAN LATTER - 020 7742 6000


Date of notification

24 AUGUST 2005



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