Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC                    
                         VALUATION AS AT 21 APRIL 2015                         

 
Further to the announcement on 30 March 2015, the interim ordinary 2015 and
second special 2015 dividends (totalling 1.75p per share) are payable on 30
April 2015. The shares are now quoted ex-dividend.

The unaudited fully diluted net asset value per share (including income and
excluding shares held in treasury) was 303.4p as at 21 April 2015.                        

For enquiries:               
Manchester & London Investment Trust Plc - 0161 242 2899
Midas Investment Management Limited - 0161 228 1709