Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
18 September 2006

                                  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

Societe Generale S.A.

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 2 ABOVE AND NON- BENEFICIAL

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

Societe Generale Option Europe      945,136
Societe Generale London Branch    3,045,000

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

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

14 SEPTEMBER 2006

11)  Date company became aware of holding

15 SEPTEMBER 2006

12)  Total holding following this notification

3,990,136

13)  Total percentage holding of issued class following this notification

3.17%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

CLAIRE FAVIER-TILSTON         020 7742 3453

16)  Name and signature of authorised company official responsible for making
this notification

ANDREW NORMAN

Date of notification: 18 SEPTEMBER 2006




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