REG-Manchester & London: Annual Information Update

MANCHESTER & LONDON INVESTMENT TRUST PLC

ANNUAL INFORMATION UPDATE

Annual Information Update for the 12 months up to and including 7 October 2009.

In accordance with Prospectus Rule 5.2, the Company sets out below a summary of
the information which has been published or made available to the public over
the previous 12 months.

1. Announcements via a Regulatory Information Service (RIS)

(RIS Announcements can be viewed at or downloaded via the internet from
http://dev.uk-wire.com using EPIC code MNL).

1.1 Net Asset Values:

05 October 2009
28 September 2009
21 September 2009
14 September 2009
08 September 2009
01 September 2009
24 August 2009
17 August 2009
10 August 2009
04 August 2009
27 July 2009
20 July 2009
13 July 2009
06 July 2009
29 June 2009
22 June 2009
16 June 2009
09 June 2009
01 June 2009
26 May 2009
18 May 2009
12 May 2009
20 April 2009
14 April 2009
03 April 2009
30 March 2009
23 March 2009
16 March 2009
10 March 2009
03 March 2009
23 February 2009
16 February 2009
09 February 2009
02 February 2009
26 January 2009
19 January 2009
12 January 2009
05 January 2009
29 December 2008
22 December 2008
15 December 2008
08 December 2008
01 December 2008
24 November 2008
17 November 2008
10 November 2008
03 November 2008
27 October 2008
20 October 2008
13 October 2008
06 October 2008
29 September 2008
22 September 2008

1.2 Top Ten Holdings:

12 January 2009

1.3 Holdings in Company:

17 December 2008
9 December 2008

1.4 Other Announcements:

01 October 2009 Board committee change
28 September 2009 Annual Report for 2009 filed with FSA
21 September 2009 Notice of AGM
21 September 2009 Final Results
12 August 2009 Director change
31 July 2009 Total Voting Rights
09 July 2009 Acquisition of Osprey Smaller Companies
Income Fund Ltd ("Osprey") and minority
shareholdings compulsorily acquired
09 July 2009 Interim management statement
01 July 2009 Total Voting Rights
09 June 2009 Extension of offer for Osprey and
cancellation of listing of Osprey shares
03 June 2009 Compulsory acquisition notices and EGM
circular posted to Osprey shareholders
01 June 2009 Compulsory acquisition of Osprey shares
29 May 2009 Offer for Osprey wholly unconditional
28 May 2009 Osprey offer update
26 May 2009 Osprey offer unconditional as to acceptances
05 May 2009 Offer document and circular convening
General Meeting posted
05 May 2009 Prospectus Equivalent Document and
Circular filed with FSA
05 May 2009 Offer for Osprey
27 March 2009 Possible offer for Osprey
11 March 2009 Interim Report
20 February 2009 Annual Report for 2008 filed with FSA
27 November 2008 AGM results
15 October 2008 Final results

2. Documents filed at Companies House

The Company has made the following filings with Companies House. Copies of
these documents may be obtained from Companies House, Crown Way, Cardiff CF14
37Z or, for registered users, through Companies House Direct at
www.direct.companieshouse.gov.uk.

07 October 2009 Director Resigned
07 October 2009 Return of Allotments
25 September 2009 Annual Report and Accounts to 31 July 2009
23 September 2009 Amended Articles of Association
23 September 2009 Resolution to amend Articles of Association
09 September 2009 Increase in Authorised Share Capital
15 Jun 2009 Director Appointed
11 June 2009 Secretary Resigned
08 June 2009 Secretary Appointed
08 June 2009 General Meeting 28 May 2009 Results and
Resolution
07 January 2009 Annual Return
26 November 2008 Annual Report and Accounts to 31 July 2008

3. Documents sent to shareholders

The following documents have been dispatched during the period by the
Company to holders of its securities:

21 September 2009 Annual Reports and Accounts for the year
ended 31 July 2009
21 September 2009 Notice of Annual General Meeting
05 May 2009 Circular (including Notice of General
Meeting) and Prospectus Equivalent
Document relating to the acquisition
of Osprey Smaller Companies Income Fund Ltd
11 March 2009 Interim Report
16 October 2008 Annual Reports and Accounts for the year
ended 31 July 2008

4. Documents filed with FSA

In addition to the announcements made via a Regulatory Information Service
which are deemed to be filed with FSA and are listed above, the following
documents have been filed with FSA

Copies of:
Annual Report and Accounts 2009 dated 21 September 2009
Prospectus Equivalent Document and Circular both dated 5 May 2009
Annual Report and Accounts 2008 dated 14 October 2008

Documents submitted to the FSA can be viewed via its Document Viewing Facility
situated at:
Document Viewing Facility
UK Listing Authority
The Financial Services Authority
25 North Colonnade
Canary Wharf
London E14 5HS

(T) 020 7066 8333
www.fsa.gov.uk

This Annual Information Update is required by, and is being made pursuant to
Article 10 of the Prospectus Directive as implemented in the UK by Prospectus
Rule 5.2 and not for any other purpose and neither the Company nor any other
person takes any responsibility for or makes any representation, express or
implied, as to the accuracy or completeness of the information which it
contains.

The information is not necessarily up to date as at the date of this Annual
Information Update and the Company does not undertake any obligation to update
any such information in the future. Neither this Annual Information Update nor
the information referred to in it constitutes, by virtue of this communication,
an offer of any securities addressed to any person and it should not be relied
upon by any person.

The Annual Report and Accounts for the year ended 31 July 2009 are available
from the Company's registered office, c/o The Company Secretary, Manchester &
London Investment Trust plc, 2nd Floor, Arthur House, Chorlton Street,
Manchester M1 3FH.

Other sources of information:
The Company's Ordinary shares are listed on the London Stock Exchange and the
price of these shares is published in the Financial Times.

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

END