LONDON STOCK EXCHANGE ANNOUNCEMENT

THE MERCANTILE INVESTMENT TRUST PLC

SECOND QUARTERLY DIVIDEND

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with DTR 6.1.13

The Directors have declared that a second quarterly interim dividend of 10.50 pence per share will be paid on 1st November 2017 to shareholders on the register as at the close of business on 29th September 2017. The ex-dividend date will be 28th September 2017.

19th September 2017

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Jonathan Latter

JPMorgan Funds Limited, 020 7742 4000