New Relationship Agreement Signed

Manchester and London Investment Trust plc NEW RELATIONSHIP AGREEMENT SIGNED Manchester and London Investment Trust plc announces today that it has signed arelationship agreement with its controlling shareholder, M&M Investment Companyplc. Relationship Agreement with Controlling Shareholder As required by LR 9.2.2A, the Company has entered into a written and legallybinding relationship agreement with its controlling shareholder, M&M InvestmentCompany plc, and their associates. The purpose of this agreement is to formallyensure compliance with the independence provisions set out in LR 6.1.4D. For further information please contact:Manchester & London Investment Trust Plc - 0161 242 2899Midas Investment Management Limited - 0161 228 1709