Net Asset Value

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                       VALUATION AS AT 7 SEPTEMBER 2010                        

The unaudited fully diluted net asset value per share (including income) was
383.3p as at 7 September 2010.

For enquiries:               

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709