Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC VALUATION AS AT 16 AUGUST 2016 The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 353.0p as at 16 August 2016. The first final special dividend of 7.50p per share is payable on 26 August 2016. The shares are now quoted ex-dividend. For enquiries: Manchester & London Investment Trust Plc  0161 242 2899 M&L Capital Management Ltd  0207 584 5733