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 3.40 pence per share will be paid on 16th May 2025 to shareholders on the register as at the close of business on 11th April 2025. The ex-dividend date will be 10th April 2025. This brings the total dividend for the financial year ended 31st January 2025 to 7.90 pence, a 3.27% increase on last year's total dividend of 7.65 pence per share.

The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Computershare, and the deadline for elections under the DRIP (to start the plan from this dividend) is 24th April 2025. Shareholders holding their shares through specialist platforms may also be able to participate in a DRIP and should contact their providers for details.

28th March 2025

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Sachu Saji

For and on behalf of

JPMorgan Funds Limited - Secretary

0800 20 40 20 (or +44 1268 44 44 70)