MANCHESTER & LONDON INVESTMENT TRUST PLC
VALUATION AS AT 20 JANUARY 2015

The unaudited fully diluted net asset value per share (including income and
excluding shares held in treasury) was 278.2p as at 20 January 2015.


For enquiries:
Manchester & London Investment Trust Plc - 0161 242 2899
Midas Investment Management Limited - 0161 228 1709