Dividend Declaration

Fleming Mercantile Inv Trust PLC
07 January 2003



                  THE FLEMING MERCANTILE INVESTMENT TRUST PLC

                             THIRD INTERIM DIVIDEND

The Directors have declared that a third interim dividend of 4.0p (net) per
share (2001: 3.50p) will be paid on 3rd February 2003 to shareholders on the
register as at close of business on 17th January 2003 (XD 15th January 2003).

7th January 2003


J.P. Morgan Fleming Asset Management (UK) Limited - Secretary


For further information:

Richard Lewis
J.P. Morgan Fleming Asset Management (UK) Limited.................020 7742 6000


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