Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 27 DECEMBER 2012                        

The unaudited fully diluted net asset value per share (including income) was
382.6p as at 27 December 2012.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709