Holding(s) in Company

JPMorgan Fleming Mercantile IT PLC
29 June 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                     715,136

Societe Generale London Branch                     3,045,000


5)   Number of shares/amount of stock acquired

N/A


6)   Percentage of issued class


N/A


7)   Number of shares/amount of stock disposed

50,000


8)   Percentage of issued class

0.04%


9)   Class of security

ORDINARY 25P SHARES


10)  Date of transaction

28 JUNE 2006


11)  Date company became aware of holding

29 JUNE 2006


12)  Total holding following this notification

3,760,136


13)  Total percentage holding of issued class following this notification

2.99%


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



JONATHAN LATTER

 Date of notification: 29 JUNE 2006




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