Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 30 NOVEMBER 2010                        

The unaudited fully diluted net asset value per share (including income) was
421.7p as at 30 November 2010.

For enquiries:               

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709