Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 17TH APRIL 2009

The unaudited fully diluted N.A.V. per share (Including Income) as at 17th
April 2009 was 309.1p.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709