Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                        VALUATION AS AT 11 OCTOBER 2011                        

The unaudited fully diluted net asset value per share (including income) was
358.7p as at 11 October 2011. 

For enquiries:
                                                                                                                                            

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709