Publication of Prospectus

Manchester & London Inv Tst PLC
19 July 2006


                    Manchester & London Investment Trust plc


            Proposed Placing and Offer for Subscription to Existing
                Shareholders of up to 4,799,060 Ordinary Shares
                      and conversion of Preference Shares

                              Posting of Document

19 July 2006


The board of Manchester & London Investment Trust plc announces that the
document relating to the proposed Placing and Offer for Subscription to Existing
Ordinary Shareholders has been posted to shareholders today.


The document will be available for public inspection at the document viewing
facility at The Financial Services Authority, 25 The North Colonnade, Canary
Wharf, London E14 5HS. Copies of the document are available for collection, free
of charge, during usual business hours on any business day (Saturdays and public
holidays excepted) at the offices of Stephenson Harwood, One St Paul's
Churchyard, London EC4M 8SH and the Company's registered office at Arthur House,
Chorlton Street, Manchester M1 3FH.



Enquiries:

Manchester & London Investment Trust plc

Brian Sheppard - Director Tel: [phone]


Dawnay, Day Corporate Finance Limited - Sponsor

Sandy Jamieson - Director Tel: [phone]


Dawnay, Day Corporate Finance Limited ('Dawnay Day'), which is authorised and
regulated in the United Kingdom by the Financial Services Authority, is acting
solely for Manchester & London Investment Trust plc and for no one else in
connection with the Issue and will not be responsible to anyone other than
Manchester & London Investment plc for providing the protections afforded to
clients of Dawnay Day or for affording advice in relation to the Issue or any
matter referred to in this announcement.

This announcement does not constitute an offer or invitation to subscribe for
securities. This announcement does not constitute, and may not be used for the
purposes of, an offer or solicitation to anyone in any jurisdiction in which
such offer or solicitation is not authorised or to any person to whom it is
unlawful to make such offer or solicitation. The distribution of this
announcement and the New Ordinary Shares in certain jurisdictions may be
restricted and, accordingly, persons into whose possession this announcement
comes are required to inform themselves about and to observe such restrictions.
Any failure to comply with any such restrictions may constitute a violation of
the securities laws of the jurisdiction concerned.






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