Net Asset Value

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 19 JULY 2016

The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 346.0p as at 19 July 2016.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899                                                                                                                                                                        

M&L Capital Management Ltd - 0207 584 5733

UK 100

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