Directorate Change

MANCHESTER AND LONDON INVESTMENT TRUST PLC 

(the "Company")

Appointment of Non-Executive Director

The Company is pleased to announce that Daniel Wright has been appointed as a non-executive Director of the Company with effect from 29 October 2018.

Mr Wright is a chartered accountant and has a broad range of experience in both the public and private sectors. He is the executive chairman of Accrol Group Holdings plc and held a board role at Accrol Group Holdings Limited, prior to its IPO, from July 2014 to June 2016. His current chairmanships also include Vision Support Services Group Limited, a private company that he founded and grew to become Europe’s leading distributor of textiles to the hospitality sector. He is a director of SolasCure Limited. Mr Wright was previously the founder partner, chief operating officer and head of portfolio at NorthEdge Capital. He has also held previous roles at Cable Partners LLC, Deutsche Morgan Grenfell Private Equity and The Royal Bank of Scotland. Mr Wright qualified as a Chartered Accountant with Arthur Andersen in 1996.

The Company confirms that there are no matters which are required to be disclosed under Listing Rule 9.6.13 (2) to (6).

Peter Stanley, Chairman, commented, “We are delighted that Daniel is joining us and look forward to his contribution to the development of the Company”.

29 October 2018

LEI: 213800HMBZXULR2EEO10