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 yesterday, all of the resolutions set out in the
notice of meeting were duly passed.

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

Resolution                                            For    Against   Withheld
                                                                               
 1. Annual report                              13,647,220          0          0
                                                                               
 2. Remuneration report                        13,647,220          0          0
                                                                               
 3. To declare a dividend of 7.8p per          13,646,747          0        473
    share                                                                      
                                                                               
 4. To re-elect P H Stanley as a director      13,620,038     15,497     11,685
                                                                               
 5. To re-elect B Sheppard as a director       13,626,298     12,897      8,025
                                                                               
 6. To re-elect D Harris as a director         13,647,220          0          0
                                                                               
 7. To re-appoint the Auditors                 13,644,620      2,600          0
                                                                               
 8. Authority to allot shares                  13,647,220          0          0
                                                                               
 9. Authority to allot shares on a non         13,646,719        501          0
    pre-emptive basis                                                          
                                                                               
10. Authority to purchase own shares           13,647,220          0          0
                                                                               
11. Amendment to Articles of Association       13,647,220          0          0

Issued ordinary share capital as at 22 November 2012: 22,457,042

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Limited - 0161 228 1709