Director/PDMR Shareholding

Manchester and London Investment Trust plc

(the Company)

Notification of Transfer of Shares and Acquisition of Shares by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

The Company announces that Mark Sheppard (PDMR) has transferred 37,721 Ordinary shares of £0.25 pence at £3.72 each in the Company to Richard Morgan (PDMR).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Sheppard
2	Reason for the notification
a)	Position/status	PDMR (Investment Manager)
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Manchester and London Investment Trust plc
b)	LEI	213800HMBZXULR2EEO10
4	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, type of instrument Identification code	Ordinary Shares of £0.25 each ISIN: GB0002258472
b)	Nature of the transaction	Transfer of shares
c)	Price and volume	Price Volume £3.72 37,721
d)	Aggregated information - Aggregated volume - Price	37,721 £140,322.12
e)	Date of the transaction	11 May 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Morgan
2	Reason for the notification
a)	Position/status	PDMR (Investment Manager)
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Manchester and London Investment Trust plc
b)	LEI	213800HMBZXULR2EEO10
4	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, type of instrument Identification code	Ordinary Shares of £0.25 each ISIN: GB0002258472
b)	Nature of the transaction	Acquired Shares
c)	Price and volume	Price Volume £3.72 37,721
d)	Aggregated information - Aggregated volume - Price	37,721 £140,322.12
e)	Date of the transaction	11 May 2022
f)	Place of the transaction	London Stock Exchange (XLON)