Net Asset Value(s)

Manchester & London Inv Tst PLC
12 June 2006


MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 9th JUNE 2006



The unaudited N.A.V. per share as at 9th June 2006 was:


Undiluted                478.70p

Fully diluted            349.76p


The Trust held 13.8% of its net assets as cash deposits on 11 May 2006, the day
prior to the first sharp market correction, and as of 9th June 2006 holds 17.3%
as cash deposits.


For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709


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