Sale of Treasury Shares

MANCHESTER & LONDON INVESTMENT TRUST PLC

Sale of Treasury Shares

Manchester & London Investment Trust plc ("the Company") announces that it has today sold 125,000 of its ordinary shares of 25 pence held in treasury, of which 50,000 were sold at a price of 352 pence per share and 75,000 were sold at 354 pence per share.

Following this sale, the Company's issued share capital consists of 22,457,042 ordinary shares of which 797,622 ordinary shares are held in treasury.  Therefore, the total number of shares with voting rights in the Company is 21,659,420.

The above figure (21,659,420) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.