Net Asset Value(s)

Manchester & London Inv Tst PLC
03 May 2006



MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 30 APRIL 2006



The unaudited N.A.V. per share (based upon bid prices) as at 30 April 2006 was:


Undiluted 508.63p

Fully diluted 371.16p


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

PZ Cussons

Cash deposits

Royal Dutch Shell 'B'

Mouchel Parkman

Gazprom

Standard Chartered

Rank

Inspace

Scottish & Newcastle

Trinity Capital



For enquiries:


Manchester & London Investment Trust Plc - 0161 242 2899


Midas Investment Management Limited - 0870 121 1445



                      This information is provided by RNS
            The company news service from the London Stock Exchange