Result of GM and AGM

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                   Result of GM and AGM held 2 December 2013                   

Manchester & London Investment Trust Plc announces that at the General and
Annual General Meeting of the Company held yesterday, all of the resolutions
set out in the notices of meetings were duly passed.

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

General Meeting

Resolution                                            For    Against   Withheld
                                                                               
 1. Amendment to the Company's investment      15,157,502      1,436          0
    policy.                                                                    

Annual General Meeting

Resolution                                            For    Against   Withheld
                                                                               
 1. To adopt the Annual Report and             15,529,261          0      8,779
    Financial Statements.                                                      
                                                                               
 2. To approve the Directors' Remuneration     15,479,123      7,969     50,948
    Report.                                                                    
                                                                               
 3. To declare a final dividend of 8.25p       15,538,040          0          0
    per share.                                                                 
                                                                               
 4. To re-elect Mr P H A Stanley as a          15,534,528      2,854        658
    director.                                                                  
                                                                               
 5. To elect Mr B Miller as a director.        15,537,128          0        912
                                                                               
 6. To re-appoint CLB Coopers as Auditor.      15,529,681      4,467      3,892
                                                                               
 7. Authority to allot shares.                 15,486,786     11,536     39,718
                                                                               
 8. Authority to allot shares on a non         15,488,215      8,346     41,479
    pre-emptive basis.                                                         
                                                                               
 9. Authority to purchase own shares.          15,515,291      3,470     19,279

Issued share capital as at 2 December 2013: 22,457,042 ordinary shares of 25p
each.

The full text of the resolution passed at the General Meeting can be found in
the Notice of General Meeting contained in the Circular dated 25 October 2013,
which is available for viewing at the National Storage Mechanism and can be
located at www.hemscott.com/nsm.do or on the Company's website, http://
www.manchesterandlondon.co.uk/investorRelations.php.

The Company's Annual Report and Financial Statements for the year ended 31 July
2013 have also been submitted to the National Storage Mechanism and are
available for inspection at www.hemscott.com/nsm.do or can be viewed on the
Company's website at http://www.manchesterandlondon.co.uk/
investorRelations.php.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Limited - 0161 228 1709

3 December 2013