Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC VALUATION AS AT 20 NOVEMBER 2018 The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 447.1p as at 20 November 2018. For enquiries: Manchester & London Investment Trust Plc 0161 242 2899 M&L Capital Management Ltd 0207 584 5733 Legal Entity Identifier 213800HMBZXULR2EEO10