Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 9TH APRIL 2009

The unaudited fully diluted N.A.V. per share (Including Income) as at 9th April
2009 was 299.4p.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709