Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
26 November 2007


TR-1: Notifications of Major Interests in Shares


                                                                  
                                                                  
1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:                       JPMorgan Fleming Mercantile Investment
                                                                  Trust Plc

2. Reason for notification (yes/no)
                                                                                            

An acquisition or disposal of voting rights                       Yes
                                                      

3. Full name of person(s) subject to notification     JPMorgan Chase & Co
obligation:
                                                      

4. Full name of shareholder(s) (if different from 3): JPMorgan Asset Manaement (UK) Limited
                                                      

5. Date of transaction (and date on which the
threshold is crossed or reached if different):        22 November 2007
                                                      

6. Date on which issuer notified:                     26 November 2007
                                                      

7. Threshold(s) that is/are crossed or reached:       5%

8: Notified Details

A: Voting rights attached to shares


Class/type of     Situation previous to the  Resulting situation after the triggering transaction
shares            triggering transaction
                  Number of     Number of    Number of    Number of voting rights  Percentage of voting
If possible use   shares        voting       shares                                rights
ISIN code                       rights

                                                          Direct      Indirect     Direct      Indirect


GB0005794036      Below 5%      Below 5%     5,443,766                5,443,766                5.14%


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date     Exercise/           No. of voting rights that   Percentage of voting
instrument                               conversion period/  may be acquired (if the     rights
                                         date                instrument exercised/
                                                             converted)


N/A


Total (A+B)


Number of voting rights                            Percentage of voting rights


5,443,766                                          5.14%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are
effectively held, if applicable:


Total disclosable holding for JPMorgan Chase & Co. : 5,443,766 (5.14%)

JPMorgan Asset Management (UK) Limited: 5,443,766 (5.14%)


Proxy Voting:


10. Name of proxy holder:                            N/A


11. Number of voting rights proxy holder will cease  N/A
to hold:


12. Date on which proxy holder will cease to hold    N/A
voting rights:




13. Additional information:                           Please note the group has other holdings which are
                                                      covered by exemptions.


14 Contact name:                                      Tracey Young


15. Contact telephone name:                           020 7325 4513



For notes on how to complete form TR-1 please see the FSA website.


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