Notification of Major Interest in Shares

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        

1. Identity of the issuer or the underlying issuer of existing    Manchester & London   
shares to which voting rights are attached:ii                     Investment Trust plc  

2. Reason for the notification (please tick the appropriate box or boxes):               

An acquisition or disposal of voting rights                                         Yes 
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
             

3. Full name of person(s) subject to the notification        Manchester & Metropolitan  
obligation:iii                                                     Investment Ltd       
                                                                                        
4. Full name of shareholder(s)  (if different from 3.):iv                               
                                                                                        
5. Date of the transaction and date on which the threshold        25 October 2013       
is crossed or reached: v                                                                
                                                                                        
6. Date on which issuer notified:                                 25 October 2013       
                                                                                        
7. Threshold(s) that is/are crossed or reached: vi, vii        50.85% (Parent company   
                                                                    disclosure)         
                                                                                        

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of     Situation previous               Resulting situation after            
shares             to the triggering                    the triggering                  
                      transaction                         transaction                   
                                                                                        
if possible                   Number                      Number           % of voting  
using              Number       of       Number             of              rights x    
the ISIN CODE        of       Voting       of             voting                        
                   Shares     Rights     shares           rights                        
                                                                                        
                                         Direct   Direct xi   Indirect   Direct Indirect
                                                                 xii                    
                                                                                        
GB0002258472     11,325,630 11,325,630 11,420,472 11,420,472      -      50.85%    -    
                                                                                        

 

B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    

Type of financial  Expiration       Exercise/           Number of voting    % of voting 
    instrument     date xiii  Conversion Period xiv    rights that may be      rights   
                                                        acquired if the                 
                                                         instrument is                  
                                                     exercised/ converted.              
                                                                                        
                                                                                        


C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    

Type of financial  Exercise Expiration    Exercise/    Number of voting    % of voting  
    instrument      price    date xvii   Conversion   rights instrument  rights xix, xx 
                                        period xviii      refers to                     
                                                                                        
                                                                                        
                                                                                        
                                                                         Nominal  Delta 
                                                                                        
                                                                                        
                                                                                        

Total (A+B+C)                                                                           

        Number of voting rights                    Percentage of voting rights          
                                                                                        
               11,420,472                                    50.85%                     
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                     

 

Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                       N/A 
                                                                                        
11. Number of voting rights proxy holder will cease to hold:                        N/A 
                                                                                        
12. Date on which proxy holder will cease to hold voting rights:                    N/A 
                                                                                        

 

13. Additional information:                                                             
                                                                                        
14. Contact name:                                                   Peter Thomas        
                                                                                        
15. Contact telephone number:                                       0161 228 2389