Amended Notice of AGM

Manchester & London Investment Trust plc                    

                   Amended Notice of Annual General Meeting                    

Further to the AGM notice issued 28th October 2014 the Company is issuing a
further amended AGM notice that includes an amended wording for previous
resolution 2 which will be resolution 2.1 and an additional resolution numbered
2.2. The wording of these resolutions is as follows:

Resolution 2.1: To approve the Directors' Remuneration Report (and emoluments
therein) for the year ended 31st July 2014.

Resolution 2.2: To approve and adopt the Company's Directors' Remuneration
Policy, renewal of which will be sought at intervals of three years, or
earlier, if any change of Policy is proposed.

THE NEW SET OF RESOLUTIONS TO BE PUT BEFORE THE AGM, 1 P.M. MONDAY 24TH
NOVEMBER 2014, ST. ANN'S CHURCH, ST. ANN STREET, MANCHESTER, M2 7LF ARE NOW AS
FOLLOWS:

Ordinary resolutions

 1.   To adopt the Annual Report and Financial Statements for the year ended 31st
      July 2014.
   
 2.1. To approve the Directors' Remuneration Report (and emoluments therein)
      for the year ended 31st July 2014.
       
 2.2. To approve and adopt the Company's Directors' Remuneration Policy, renewal
      of which will be sought at intervals of three years, or earlier, if any
      change of Policy is proposed.
   
 3.   To declare a final ordinary dividend of 1.98 pence per ordinary share and a
      second special dividend of 1.27 pence per ordinary share.
   
 4.   To re-elect Mr P H A Stanley as a Director of the Company.
   
 5.   To re-elect Mr D Harris as a Director of the Company.
   
 6.   To re-appoint CLB Coopers as Auditor to the Company and to authorise the
      Directors to determine their remuneration.
   
Special resolutions

 7.   To grant authority to issue 6,737,113 ordinary shares.
   
 8.   To grant authority to issue up to 1,122,852 ordinary shares for cash on a
      non pre-emptive basis.
   
 9.   To renew the authority to acquire up to 14.99 per cent of the issued
      ordinary shares.
   
A printable version of the Amended Notice of Annual General Meeting is
available on our website www.manchesterandlondon.co.uk.

By Order of the Board


Mr M K Camp
Company Secretary 

30th October 2014

Registered Office, 2nd Floor, Arthur House, Chorlton Street, Manchester, M1 3FH.