Result of AGM

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                                 Result of AGM                                 

Manchester & London Investment Trust Plc announces that at the Annual General
Meeting of the Company held today, all of the resolutions set out in the notice
of meeting were duly passed. Copies of the notice of the Meeting containing the
resolutions have been submitted to the UK Listing Authority and will be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

UKLA

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: [phone]

The results of the proxy votes lodged in advance of the meeting are set out
below:

Resolution                                           For    Against    Withheld
                                                                               
 1. Annual Report                             13,540,271          0           0
                                                                               
 2. Remuneration report                       13,539,886          0         385
                                                                               
 3. To declare a dividend of 6.5p per share   13,540,271          0           0
                                                                               
 4. To re-elect P H Stanley as a director     13,425,421     92,545      22,305
                                                                               
 5. To re-elect B Sheppard as a director      13,513,551      7,800      18,920
                                                                               
 6. To re-appoint the Auditors                13,531,671      2,600           0
                                                                               
 7. Authority to allot shares                 12,973,794    547,557      18,920
                                                                               
 8. Authority to allot shares                 13,530,671      9,600           0
                                                                               
 9. Authority to purchase own shares          13,531,671     11,100           0

Issued ordinary share capital as at 25 November 2010: 22,457,086

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Limited - 0161 228 1709