Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 18TH APRIL 2008

The unaudited fully diluted N.A.V. per share as at 18th April 2008 was 381.51p

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709