Annual Information Update

Manchester & London Investment Trust Plc

Annual Information Update

Annual Information Update for the 12 months up to and including 31 October
2012.

In accordance with Prospectus Rule 5.2, the Company sets out below a summary of
the information which has been published or made available to the public over
the previous 12 months.

The information referred to below was provided as at a specific date and may
now be out of date. In addition to the information listed below, the Company
has announced weekly net asset values per Ordinary share on a Wednesday, as at
the close of the previous day.

Announcements via a Regulatory Information Service (RIS)

(RIS Announcements can be viewed at or downloaded via the internet from http://
www.uk-wire.com using EPIC code MNL).

Other Announcements:

21 November 2011 Annual Information Update

24 November 2011 AGM results

9 December 2011 Interim Management Statement

16 March 2012 Half-yearly Report

6 June 2012 Interim Management Statement

18 June 2012 Director/PDMR Shareholding

4 September 2012 Change of Broker

16 October 2012 Annual Financial Report

Documents filed at Companies House

The Company has also made the following filings with Companies House. Copies of
these documents may be obtained from Companies House, Crown Way, Cardiff CF14
37Z or, for registered users, through Companies House Direct at
www.direct.companieshouse.gov.uk.

3 January 2012 Annual Return

3 January 2012 Statement of Capital

11 January 2012 Annual Report & Accounts for the year ended 31 July 2011

Documents sent to shareholders

The following documents have been dispatched during the period by the Company
to holders of its securities:

16 March 2012 Interim Report

19 October 2012 Annual Report & Accounts for the year ended 31 July 2012

Documents filed with FSA

In addition to the announcements made via a Regulatory Information Service
which are deemed to be filed with FSA and are listed above, the company filed
no further documents with FSA.

Documents submitted to the FSA can be viewed via its Document Viewing Facility
situated at:

Document Viewing Facility
UK Listing Authority
The Financial Services Authority
25 North Colonnade
Canary Wharf
London E14 5HS

(T) 020 7066 8333

www.fsa.gov.uk

This Annual Information Update is required by, and is being made pursuant to
Article 10 of the Prospectus Directive as implemented in the UK by Prospectus
Rule 5.2 and not for any other purpose and neither the Company nor any other
person takes any responsibility for or makes any representation, express or
implied, as to the accuracy or completeness of the information which it
contains.

The Annual Report and Accounts for the year ended 31 July 2012 are available
from the Company's registered office, c/o The Company Secretary, Manchester &
London Investment Trust plc, 2nd Floor, Arthur House, Chorlton Street,
Manchester M1 3FH.

Other sources of information:

The Company's Ordinary shares are listed on the London Stock Exchange and the
price of these shares is published in the Financial Times.

For further information:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709