Annual Information Update

Manchester & London Investment Trust Plc

Annual Information Update

Annual Information Update for the 12 months up to and including 7 October 2010.

In accordance with Prospectus Rule 5.2, the Company sets out below a summary of
the information which has been published or made available to the public over
the previous 12 months.

 1. Announcements via a Regulatory Information Service (RIS)
   
(RIS Announcements can be viewed at or downloaded via the internet from http://
dev.uk-wire.com using EPIC code MNL).

 1. Net Asset Values:
   
12 October 2009
19 October 2009
26 October 2009
02 November 2009
10 November 2009
16 November 2009
23 November 2009
30 November 2009
07 December 2009
14 December 2009
21 December 2009
29 December 2009
05 January 2010
11 January 2010
18 January 2010
25 January 2010
01 February 2010
08 February 2010
15 February 2010
22 February 2010
01 March 2010
08 March 2010
15 March 2010
24 March 2010
29 March 2010
07 April 2010
12 April 2010
21 April 2010
28 May 2010
04 June 2010
11 June 2010
16 June 2010
24 June 2010
30 June 2010
07 July 2010
14 July 2010
21 July 2010
28 July 2010
04 August 2010
11 August 2010
18 August 2010
25 August 2010
01 September 2010
08 September 2010
15 September 2010
22 September 2010
29 September 2010
06 October 2010

 2. Other Announcements:
   
24 November 2009 Interim management statement
12 March 2010 Interim Report
26 March 2010 Proposed offer for Stakeholders' Momentum Investment Trust Plc
28 April 2010 Offer for Stakeholders' Momentum Investment Trust Plc
28 April 2010 Prospectus Equivalent Document and Circular
28 April 2010 Offer document and circular convening General Meeting posted
18 May 2010 EGM results
19 May 2010 Offer for SMIT unconditional save for admission
20 May 2010 Offer for SMIT - FAV & Share exchange ratio determined
21 May 2010 Offer for SMIT wholly unconditional
21 May 2010 Notice of cancellation of SMIT listing
28 May 2010 Total voting rights
03 June 2010 Offer extended and proposed transfer of SMIT portfolio
03 June 2010 Correction re: number of new MLIT shares
09 June 2010 Offer update SMIT delisting and portfolio transfer
16 June 2010 Offer update and compulsory acquisition notice
22 June 2010 Cancellation of listing
01 July 2010 Total voting rights
01 July 2010 Offer update
15 July 2010 Offer update
27 July 2010 Sale of Treasury Shares
29 July 2010 acquisition of SMIT completed
30 July 2010 Total voting rights
26 August 2010 Director declaration
22 September 2010 Historical performance update
14 October 2009 AGM results

 2. Documents filed at Companies House
   
The Company has also made the following filings with Companies House. Copies of
these documents may be obtained from Companies House, Crown Way, Cardiff CF14
37Z or, for registered users, through Companies House Direct at
www.direct.companieshouse.gov.uk.

19 July 2010 Return of Allotments
20 January 2010 Annual Return
6 November 2009 Resolution authorised and allotment of shares
5 November 2009 Statement of Company's objects
30 October 2009 Register SAIL address notification

 3. Documents sent to shareholders
   
The following documents have been dispatched during the period by the Company
to holders of its securities:

12 March 2010 Interim Report

28 April 2010 Circular (including Notice of General Meeting) and Prospectus
Equivalent Document relating to the acquisition of Stakeholders' Momentum
Investment Trust Plc

 4. Documents filed with FSA
   
In addition to the announcements made via a Regulatory Information Service
which are deemed to be filed with FSA and are listed above, the following
documents have been filed with FSA

Copies of:

Prospectus Equivalent Document and Circular both dated 28 April 2010

Documents submitted to the FSA can be viewed via its Document Viewing Facility
situated at:

Document Viewing Facility
UK Listing Authority
The Financial Services Authority
25 North Colonnade
Canary Wharf
London E14 5HS
(T) 020 7066 8333
www.fsa.gov.uk

This Annual Information Update is required by, and is being made pursuant to
Article 10 of the Prospectus Directive as implemented in the UK by Prospectus
Rule 5.2 and not for any other purpose and neither the Company nor any other
person takes any responsibility for or makes any representation, express or
implied, as to the accuracy or completeness of the information which it
contains.

The information is not necessarily up to date as at the date of this Annual
Information Update and the Company does not undertake any obligation to update
any such information in the future. Neither this Annual Information Update nor
the information referred to in it constitutes, by virtue of this communication,
an offer of any securities addressed to any person and it should not be relied
upon by any person.

The Annual Report and Accounts for the year ended 31 July 2009 are available
from the Company's registered office, c/o The Company Secretary, Manchester &
London Investment Trust plc, 2nd Floor, Arthur House, Chorlton Street,
Manchester M1 3FH.

Other sources of information:

The Company's Ordinary shares are listed on the London Stock Exchange and the
price of these shares is published in the Financial Times.

For further information:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709