Net Asset Value

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 1 SEPTEMBER 2015

The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 274.0p as at 1 September 2015.

For enquiries:                                                                                                                                                                                

Manchester & London Investment Trust Plc - 0161 242 2899                                                                                                                                                                      

Midas Investment Management Limited - 0161 228 1709                                                                                                                                                                            

UK 100

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