Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC VALUATION AS AT 16 JULY 2019 The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 570.7p as at 16 July 2019. REVISED VALUATION AS AT 17 JULY 2019 Revised unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) figures were as follows: 559.3p as at 9 July 2019 551.2p as at 2 July 2019 529.0p as at 25 June 2019 538.1p as at 18 June 2019 525.9p as at 11 June 2019 506.3p as at 4 June 2019 For enquiries: Manchester & London Investment Trust Plc 0161 242 2899 M&L Capital Management Ltd 0207 584 5733 Legal Entity Identifier 213800HMBZXULR2EEO10