Stake Moment Inv Tst

Cancellation of Listing


                  Stakeholders' Momentum Investment Trust plc                  

                            Cancellation of Listing                            

22 June 2010

The Board of Stakeholders' Momentum Investment Trust plc ("SMIT") announces
today the cancellation of the listing of SMIT's ordinary shares of 25p each
(ISIN GB0002974375) on the main market of the London Stock Exchange (the
"Cancellation"). The Cancellation is effective immediately.

On 21 May 2010, the Boards of SMIT and Manchester & London Investment Trust plc
("MLIT") notified the market of the Cancellation (and date thereof), in
accordance with Listing Rule 5.2.10R. This followed the receipt by MLIT of
valid acceptances of the recommended offer by MLIT in respect of SMIT Shares
carrying over 75 per cent. of the voting rights of SMIT.

Since Midas Investment Management Limited ("Midas") was appointed as manager on
the 3 December 2009, the portfolio of SMIT has outperformed the FTSE All Share
by 9.89 per cent. to 21 June 2010.  The Board would like to thank Midas on
behalf of shareholders for generating this impressive outperformance during
difficult market conditions.

Enquiries

Manchester & London Investment Trust PLC       Tel: 0161 242 8246              
                                                                               
Peter Stanley                                  www.manchesterandlondon.co.uk   
                                                                               
Stakeholders' Momentum Investment Trust PLC    Tel: 020 7148 7903              
                                                                               
Liam Murray                                                                    
                                                                               
Midas Investment Management Limited            Tel: 0161 242 2895              
                                                                               
(Investment Manager to MLIT and SMIT)                                          
                                                                               
Mark Sheppard                                                                  
                                                                               
Fairfax I.S. PLC                               Tel: 020 7598 5368              
                                                                               
David Floyd, Rachel Rees                                                       
                                                                               
Libertas Capital Corporate Finance Limited     Tel: 020 7569 9650              
(adviser to SMIT)                                                              
                                                                               
Sandy Jamieson, Andrew McLennan