Transaction in Own Shares

Manchester & London Inv Tst PLC
03 August 2005


MANCHESTER & LONDON INVESTMENT TRUST PLC

TREASURY SHARES

In accordance with Section 12.4.6 of the listing rules:

Date of purchase: 29.07.05

Number of shares: 1,000 Ord. 25p

Purchase price: 3.15

Number of shares held in treasury: 1,000 Ord 25p

Total now held in treasury: 1,000 Ord 25p

Total now in issue: 7,499,000 Ord 25p


For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0870 121 1445


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