Share Buy Back

MANCHESTER & LONDON INVESTMENT TRUST PLC Share Buy Back Manchester & London Investment Trust plc ("the Company") announces that it hasbought back 265,601 Ordinary shares in the capital of the Company, representingapproximately 1.2 per cent of the Ordinary capital in issue (excluding treasuryshares) at an average price of 255.07 pence per Ordinary share. The Ordinary shares bought back will be placed in treasury, and as a result thenumber of Ordinary shares in issue, Ordinary shares held in treasury, and TotalVoting Rights attaching to the issued capital are now as follows: Number of Ordinary Shares in issue 22,457,042 Number of Ordinary Shares held in treasury 496,724 Total Voting Rights attaching to Ordinary Shares in issue 21,960,318 For enquiries:Manchester & London Investment Trust Plc - 0161 242 2899Midas Investment Management Limited - 0161 228 1709