Director/PDMR Shareholding

Manchester & London Investment Trust plc

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

1.	Details of PDMR / person closely associated with them (“PCA”)
a)	Name	Peter Stanley
b)	Position / status	Non-Executive Director
c)	Initial notification / amendment	Initial Notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of £0.25 each ISIN: GB0002258472
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 279.78 p 2,500
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	11-11-2016 (London)
f)	Place of the transaction	London Stock Exchange (XLON)

For enquiries:
James Poole, Capita Asset Services
0344 3911 926

23 November 2016