Top Ten Holdings

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 30th JUNE 2008

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

PZ Cussons

Standard Chartered

Mouchel Parkman

Premier Oil

Yahoo

Xstrata

SSL International

Friends Provident

Northumbrian Water

Smiths Group

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709