Net Asset Value(s)

Manchester & London Inv Tst PLC
25 September 2006




MANCHESTER & LONDON INVESTMENT TRUST PLC


VALUATION AS AT 21st September 2006





The unaudited fully diluted N.A.V. per share as at 21st September 2006 was
348.03p.



For enquiries:


Manchester & London Investment Trust Plc - 0161 242 2899


Midas Investment Management Limited - 0161 228 1709






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