Net Asset Value(s)

Manchester & London Inv Tst PLC
02 September 2005



MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 31 AUGUST 2005


The unaudited N.A.V. per share as at 31 August 2005 was:


Undiluted 451.93p

Fully diluted 330.60p


For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0870 121 1445


                      This information is provided by RNS
            The company news service from the London Stock Exchange