Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
10 April 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 29,554
ordinary shares for cancellation at 958.00 pence per share.

Following the transaction the remaining shares in issue total 104,152,305.





10th April 2008



For further information, please contact:

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

Shamus Henderson
Cazenove, 020 7155 8122












                      This information is provided by RNS
            The company news service from the London Stock Exchange