Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                         VALUATION AS AT 6 MARCH 2012                          

The unaudited fully diluted net asset value per share (including income) was
372.3p as at 6 March 2012.   

For enquiries:              

Manchester & London Investment Trust Plc - 0161 242 2899                                       

Midas Investment Management Limited - 0161 228 1709