Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 21 DECEMBER 2010                        

The unaudited fully diluted net asset value per share (including income) was
455.6p as at 21 December 2010.

For enquiries:               

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709