Net Asset Value(s)

MANCHESTER & LONDON INVESTMENT TRUST PLC VALUATION AS AT 28 APRIL 2015 Further to the announcement on 30 March 2015, the interim ordinary 2015 andsecond special 2015 dividends (totalling 1.75p per share) are payable on 30April 2015. The shares are now quoted ex-dividend. The unaudited fully diluted net asset value per share (including income andexcluding shares held in treasury) was 297.2p as at 28 April 2015. For enquiries:Manchester & London Investment Trust Plc - 0161 242 2899Midas Investment Management Limited - 0161 228 1709