Result of AGM

MANCHESTER & LONDON INVESTMENT TRUST PLC                    

                                 Result of AGM                                 

Manchester & London Investment Trust Plc announces that at the Annual General
Meeting of the Company held yesterday, all of the resolutions set out in the
notice of meeting were duly passed.

The results of the proxy votes lodged in advance of the meeting are set out
below:

Resolution                                     For      Against        Withheld
                                                                               
 1. Annual report                       13,714,763            0               0
                                                                               
 2. Remuneration report                 13,714,378          385               0
                                                                               
 3. To declare a dividend of 7.3p per   13,714,763            0               0
    share                                                                      
                                                                               
 4. To re-elect P H Stanley as a        13,696,092        8,400          10,271
    director                                                                   
                                                                               
 5. To re-elect B Sheppard as a         13,698,692        5,800          10,271
    director                                                                   
                                                                               
 6. To re-appoint the Auditors          13,712,163        2,600               0
                                                                               
 7. Authority to allot shares           13,705,778        8,985               0
                                                                               
 8. Authority to allot shares           13,707,877        6,886               0
                                                                               
 9. Authority to purchase own shares    13,708,763        6,000               0

Issued ordinary share capital as at 23 November 2011: 22,457,042

For enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Limited - 0161 228 1709