Net Asset Value

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 27 OCTOBER 2015

The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 296.2p as at 27 October 2015.

For enquiries:                                                                                                                                                                                

Manchester & London Investment Trust Plc - 0161 242 2899                                                                                                                                                                      

M&L Capital Management Ltd - 020 7584 5733

UK 100

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