Sector/Geographical Breakdown

Fleming Mercantile Inv Trust PLC
13 May 2002



SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, April 2002





THE FLEMING MERCANTILE INVESTMENT TRUST plc

                                                                                   %
BY SECTOR

Cyclical Services                                                               30.9
Basic Industries                                                                16.6
Financials                                                                      16.3
Assets / Liabilities                                                             9.5
Non-Cyclical Consumer Goods                                                      6.0
Information Technology                                                           5.3
General Industrials                                                              3.6
Utilities                                                                        3.4
Non-Cyclical Services                                                            2.8
Resources                                                                        2.6
Cyclical Consumer Goods                                                          2.5
Fixed Interest                                                                   0.5

Total                                                                            100


BY TERRITORY                                                                       %

Untied Kingdom                                                                  89.4
Assets/Liabilities                                                               9.5
Ireland                                                                          0.8
Israel                                                                           0.3

Total                                                                            100


TEN LARGEST INVESTMENTS

P&O                                                                              2.0
United Business                                                                  1.6
Rank                                                                             1.6
EMAP                                                                             1.6
Tate & Lyle                                                                      1.5
London Stock Exchange                                                            1.5
Johnston Matthey                                                                 1.5
Haywood Williams                                                                 1.5
Associated British Ports                                                         1.4
Hammerson                                                                        1.4

Total                                                                           15.6






                      This information is provided by RNS
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