Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 15TH FEBRUARY 2008

The unaudited fully diluted N.A.V. per share as at 15th February 2008 was
378.2p.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709