Net Asset Value(s)

Manchester & London Inv Tst PLC
16 October 2006




MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 12th OCTOBER 2006



The unaudited fully diluted N.A.V. per share as at 12th October 2006 was
354.61p.



For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709




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