Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                         VALUATION AS AT 26 JULY 2011                          

The unaudited fully diluted net asset value per share (including income) was
449.9p as at 26 July 2011.

For enquiries:

                                                                                                                                            

Manchester & London Investment Trust Plc - 0161 242 2899

                                                                                                                        
                                               

Midas Investment Management Limited - 0161 228 1709