Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
20 December 2007



                       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 60,000
ordinary shares for cancellation at 1,023.07 pence per share.

Following the transaction the remaining shares in issue total 105,139,395.


20th December 2007


For further information, please contact:

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

Gavin Tooke
Dresdner Kleinwort, 020 7475 6685





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