Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                      VALUATION AS AT 28 JUNE 2011                             

The unaudited fully diluted net asset value per share (including income) was
436.3p as at 28 June 2011.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709