Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 12th MARCH 2010

The unaudited fully diluted net asset value per share (including income) was
382.4p as at 12th March 2010.  

The unaudited fully diluted net asset value per share (including income),
including a provision for the interim dividend for the year ended 31st July
2010, was 377.4p as at 12th March 2010. The dividend is payable on 30th April
2010 and the shares will be quoted ex-dividend on 31st March 2009.

For enquiries:

               

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709