Manchester&lon. Regulatory News (MNL)

29 Mar 2011 12:19

For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer Manchester & London of existing shares to which voting rights are Investment

Trust PLC attached:ii

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights

are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights

Other (please specify): 3. Full name of person(s) subject to the RATHBONE BROTHERS PLC notification obligation:iii RATHBONE BROTHERS PLC

4. Full name of shareholder(s)

(if different from 3.):iv Rathbone Investment Management Ltd

5. Date of the transaction and date on which the threshold is crossed or 25 March 2011 reached: v 6. Date on which issuer notified: 28 March

2011

7. Threshold(s) that is/are crossed or 5%

reached: vi, vii 8. Notified details:

A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transaction of to the triggering shares transaction Number Number Number Number of voting % of voting rights if possible of of of rights x using Shares Voting shares the ISIN Rights CODE Direct Direct xi Indirect xii Direct Indirect 25p Ordinary 1,111,425 1,111,425 N/A N/A 1,141,425 N/A 5.08% GB0002258472

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period xiv rights that may be rights instrument acquired if the instrument is exercised/ converted. N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of Exercise price Expiration Exercise/ Number of voting rights % of voting financial date xvii Conversion instrument refers to rights xix, xx instrument period xviii Nominal Delta N/A N/A N/A N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights 1,141,425 5.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

RATHBONE BROTHERS PLC*

Rathbone Investment Management Ltd 5.08%

* Rathbone Brothers Plc is the holding company of the following.

Proxy Voting:

10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease

to hold:

12. Date on which proxy holder will cease to hold

voting rights: 13. Additional information: Total shares in issue used as a denominator is 22,457,086 14. Contact name: COMPLIANCE DEPARTMENT 15. Contact telephone number: 020 7399 0000