Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC VALUATION AS AT 10TH OCTOBER 2008 The unaudited fully diluted N.A.V. per share (Including Income) as at 10th October 2008 was 278.4p. For enquiries: Manchester & London Investment Trust Plc - 0161 242 2899 Midas Investment Management Limited - 0161 228 1709
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