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Manchester & London Investment Trust Plc - Half-year Report PR Newswire (the Company ) Half-yearly report for the six months ended 31 January 2021 A copy of the Half-Yearly Report can be accessed via the Company s website at www.mlcapman.com/manchester-london-investment-trust-plc or by contacting the Company Secretary by telephone on 01392 477500. Summary of Results 256,791 633.62 11.8% Six months to 7.00 Ex-dividend date During the half year under review, the total NAV per Share return was 2.4 per cent, compared to an increase in the benchmark of 11.8 per cent. It has been a period where small capitalisation stocks, unprofitable Technology hopes, Cryptocurrencies and Reflation Value plays have been in vogue, whilst mega-capitalisation Technology (with the exception of Apple and Tesla) has lagged.

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