THE MERCANTILE INVESTMENT TRUST PLC

(the 'Company')

REPURCHASE OF ORDINARY SHARES INTO TREASURY

Legal Entity Identifier: 549300BGX3CJIHLP2H42

The Company has today purchased into Treasury 500,000 Ordinary shares at 234.10 pence per share.

Following the transaction, the Company holds 208,834,353 Ordinary shares in Treasury. The shares in issue less the total number of Treasury shares is 735,657,827.

The Company will only re-issue shares held in Treasury at a premium to net asset value.          

20th March 2025    

For further information, please contact:

Divya Amin / Sachu Saji

JPMorgan Funds Limited

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