Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                         VALUATION AS AT 26 JUNE 2012                          

The unaudited fully diluted net asset value per share (including income) was
325.6p as at 26 June 2012.

For enquiries: 

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709