Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 11TH MAY 2009

The unaudited fully diluted N.A.V. per share (Including Income) as at 11th May
2009 was 313.1p.

The persons responsible for this announcement are the directors of Manchester &
London Investment Trust plc.  To the best of the knowledge and belief of the
directors (who have taken all reasonable care to ensure that such is the case)
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709