Publication of Prospectus Equivalent Doc and Ci...

Manchester & London Investment Trust PLC                    

       Recommended Offer for Stakeholders' Momentum Investment Trust PLC       

          PUBLICATION OF CIRCULAR AND PROSPECTUS EQUIVALENT DOCUMENT           

28 April 2010

Manchester & London Investment Trust PLC ("MLIT") announced earlier today that
it will make an offer for Stakeholders' Momentum Investment Trust PLC ("SMIT"),
which will be subject to the approval of MLIT Shareholders.

MLIT now announces that copies of the Circular to MLIT Shareholders together
with copies of a document which is equivalent to a prospectus (the "Prospectus
Equivalent Document") which will also be sent with the Offer Document to SMIT
Shareholders have been delivered to and are available for inspection at the
Document Viewing Facility of the FSA at:

25 The North Colonnade,

Canary Wharf,

London,

E14 5HS

The Circular, Prospectus Equivalent Document and Offer Document (together with
certain other documents) are also available for inspection during usual
business hours on any business day (Saturdays and public holidays excepted) at
the offices of Stephenson Harwood, One St Paul's Churchyard, London EC4M 8SH
and MLIT's registered office at Arthur House, Chorlton Street, Manchester M1
3FH.

The Circular, Prospectus Equivalent Document and Offer Document are also
available on MLIT's website at:

http://www.manchesterandlondon.co.uk/investorRelations.php.

All capitalised terms used in this announcement but not otherwise defined shall
have the same meaning as in the Offer Document.