Top Ten Holdings

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 29TH JUNE 2007

The ten largest investments of the Trust as at the last business day of the
month were:

PZ Cussons

Standard Chartered

Mouchel Parkman

ICI

TDG

Xchanging

Barclays

Inspace

Mecom

SSL International

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709