Net Asset Value(s)

Manchester & London Inv Tst PLC
04 October 2005


MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 30 SEPTEMBER 2005


The unaudited N.A.V. per share as at 30th September 2005 was:


Undiluted           468.25p

Fully diluted       342.28p


For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Limited - 0870 121 1445




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