Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                         VALUATION AS AT 19 APRIL 2011                         

The unaudited fully diluted net asset value per share (including income) was
435.5p as at 19 April 2011.

                              
                                                                                               

The interim dividend of 5.2 pence per share is payable on 28 April 2011 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