Company Announcements

The following amendment has been made to the 'FOURTH QUARTERLY DIVIDEND' announcement released on 24 March 2023 under RNS No 2087U.

The Second paragraph should have read "The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Equiniti, and the deadline for elections under the DRIP (to start the plan from this dividend) is 25th April 2023. Shareholders holding their shares through specialist platforms may also be able to participate in a DRIP and should contact their providers for details."

Only DRIP date has been updated and all other details remain unchanged.

The full amended text is shown below.

LONDON STOCK EXCHANGE ANNOUNCEMENT

THE MERCANTILE INVESTMENT TRUST PLC

FOURTH QUARTERLY DIVIDEND

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with DTR 6.1.13

The Directors have declared that a fourth quarterly interim dividend of 3.1 pence per share will be paid on 11th May 2023 to shareholders on the register as at the close of business on 11th April 2023.  The ex-dividend date will be 6th April 2023. This brings the total dividend for the financial year ended 31st January 2023 to 7.15 pence, a 3.6% increase on last year's total dividend of 6.9 pence per share.

The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Equiniti, and the deadline for elections under the DRIP (to start the plan from this dividend) is 25th April 2023. Shareholders holding their shares through specialist platforms may also be able to participate in a DRIP and should contact their providers for details.

24th March 2023

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Alison Vincent

JPMorgan Funds Limited, 020 7742 4000