Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 14 FEBRUARY 2012                        

The unaudited fully diluted net asset value per share (including income) was
387.3p as at 14 February 2012.

For enquiries:              

Manchester & London Investment Trust Plc - 0161 242
2899                                       

Midas Investment Management Limited - 0161 228 1709