Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
14 March 2006







                          STOCK EXCHANGE ANNOUNCEMENT



                JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Mercantile Investment Trust plc announces that today in the
market they purchased for cancellation 49,980 ordinary shares at 1012.65 pence
per share representing 0.04% of the ordinary shares in issue.



The current repurchase authority for 20,296,481 shares was approved by
shareholders on 19th May 2005.  To date 4,533,427 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 130,866,715.




14th March 2006





For further information, please contact:



Jonathan Latter

JPMorgan Asset Management (UK) Limited, 020 7742 6000





Shamus Henderson

JPMorgan Cazenove , 0207 155 8007








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