Portfolio Update

MANCHESTER & LONDON INVESTMENT TRUST PLC

INVESTMENT IN OTHER INVESTMENT COMPANIES - 31st December 2007

We can confirm that Manchester & London Investment Trust Plc did not have
investments of more than 10%, in aggregate, of the value of the gross assets in
other listed investment companies at anytime during the last twelve months.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709