Net Asset Value

MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 5 JULY 2016

The unaudited fully diluted net asset value per share (including income and excluding shares held in treasury) was 331.2p as at 5 July 2016.

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899                                                                                                                                                                        

M&L Capital Management Ltd - 0207 584 5733

UK 100

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