Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                          VALUATION AS AT 31 MAY 2011                          

The unaudited fully diluted net asset value per share (including income) was
453.6p as at 31 May 2011.                               


For enquiries:           

Manchester & London Investment Trust Plc - 0161 242 899   
                                   

Midas Investment Management Limited - 0161 228 1709