Manchester and London Investment Trust plc 
Notification of Transactions by Persons Discharging Managerial Responsibilities 
                   and Persons Closely Associated with them 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
a)  Name                      Mark Sheppard 
2   Reason for the notification 
a)  Position/status           PDMR (Investment Manager) 
b)  Initial notification/     Initial Notification 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                      Manchester and London Investment Trust plc 
b)  LEI                       213800HMBZXULR2EEO10 
4   Details of the transaction(s): section to be repeated for (i) each 
    type of instrument; (ii) each type of transaction; (iii) each date; 
    and (iv) each place where transactions have been conducted 
a)  Description of the        Ordinary Shares of £0.25 each 
    financial instrument, 
    type of instrument 
    Identification code       ISIN: GB0002258472 
b)  Nature of the transaction Subscription for Shares 
c)  Price(s) and volume(s)    Price(s)             Volume(s) 
                              £6.138               3,000,000 
d)  Aggregated information 
    - Aggregated volume       3,000,000 
    - Price                   £18,414,000 
e)  Date of the transaction   Shares issued on the 19 January 2021 post 
                              Placing on the 13 January 2021 
f)  Place of the transaction  London Stock Exchange (XLON) 

(END) Dow Jones Newswires

January 19, 2021 05:22 ET (10:22 GMT)