Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 23 NOVEMBER 2010                        

The unaudited fully diluted net asset value per share (including income) was
419.4p as at 23 November 2010.

The final dividend of 6.5 pence per share is payable on 30 November 2010 and
the shares are now quoted ex-dividend.

For enquiries:               

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709