Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Manchester & London Investment Trust PLC ("the Company")

Notifiable Interest

A form TR-1 containing the following information has been received by the
Company.

TR-1 notification of major interests in shares

 1. Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached:
   
Manchester & London Investment Trust PLC

 2. Reason for the notification:
   
An acquisition or disposal of voting rights

 3. Full name of person(s) subject to the notification obligation:
   
Societe General Option Europe

 4. Full name of shareholder(s) if different from 3:
   
N/A

 5. Date of the transaction (and date on which the threshold is crossed or
    reached if different):
   
31 May 2007

 6. Date on which issuer notified:
   
25 June 2007

 7. Threshold(s) that is/are crossed or reached:
   
3%

 8. Notified details:
   
A: Voting rights attached to shares

Class/type of       Situation Previous Resulting situation after the triggering 
Shares - if         to the Triggering  transaction                              
possible            Transaction                                                       
using the ISIN Code                                                             
                                                                                
                    Number   Number    Number   Number of        % of voting    
                     Of      Of Voting Of       Voting rights    rights         
                     Shares  Rights    shares                                   
                                                                                
                                       Direct   Direct  Indirect Direct Indirect
                                                                                
ORD                 0        0         450,000  450,000 0        3.23%  0       
                                                                                
GB0002258472                                                                    

B: Financial Instruments

Resulting situation after the triggering transaction                           
                                                                               
Type of     Expiration Exercise/Conversion  Number of voting rights  % of voting
financial   Date       Period/Date          that might be acquired   rights          
instrument                                  if the instrument is         
                                            exercised / converted              
                                                                               

Total (A+B)

Number of voting rights                 % of voting rights                     
                                                                               
450,000                                 3.23%                                  

 9. Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are effectively held, if applicable:
   
10. Name of the Proxy holder:
   
11. Number of voting rights proxy holder will cease to hold:
   
12. Date on which proxy holder will cease to hold voting rights:
   
13. Additional information:
   
SG Option Europe is a subsidiary of Societe Generale SA