THE MERCANTILE INVESTMENT TRUST PLC

(the 'Company')

LONDON STOCK EXCHANGE ANNOUNCEMENT

NOTIFICATION OF CROSS HOLDING

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with Listing Rule 15.6.8

In accordance with Listing Rule 15.6.8 the Company confirms that, as at the close of business on 31st December 2021, it had one portfolio investment, 3i Group plc, in a company which does not itself have a stated investment policy that limits its investments in other listed closed-ended investment funds to no more than 15% of its total assets.

JPMorgan Funds Limited

Company Secretary

10th January 2022

For further information, please contact:

Alison Vincent

JPMorgan Funds Limited                                            

020 7742 4000