Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
10 January 2008



                       LONDON STOCK EXCHANGE ANNOUNCEMENT


                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Mercantile Investment Trust plc has today purchased 250,000
ordinary shares for cancellation at 971.04 pence per share.

Following the transaction the remaining shares in issue total 104,436,246.


10th January 2008


For further information, please contact:

Juliet Dearlove
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
Cazenove, 020 7155 8122






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