Transaction in Own Shares

JPMorgan Fleming Mercantile IT PLC
07 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 20,624
ordinary shares for cancellation at 990.95 pence per share.

Following the transaction the remaining shares in issue total 104,231,859.


7th April 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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