Change of Adviser

Manchester & London Inv Tst PLC
10 July 2003


Manchester & London Investment Trust PLC             10th July 2003

Appointment of Broker.

With immediate effect, we wish to announce the appointment of Midas Investment
Management Limited as broker to the Company.

For further information, please contact:

Mark Sheppard, Director, Midas Investment Management: 0870 121 1445

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