Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                         VALUATION AS AT 8 MARCH 2011                          

The unaudited fully diluted net asset value per share (including income) was
446.8p as at 8 March 2011.                            
                                                                                                                                               

                                                                                                                                                                               

For enquiries:               
                                                                                                                                                                  

Manchester & London Investment Trust Plc - 0161 242
2899                        
                                                                                               
                                               

Midas Investment Management Limited - 0161 228 1709              
                                                                                                               
                                               


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