22 January 2010

 M&G Equity Investment Trust P.L.C.

 The Board of M&G Equity Investment Trust P.L.C. announce that the net asset
 value at 12:00 noon today was £160.6 million.

 Income Shares*                    3.81p

 Capital Shares                    0.00p

 Zero Dividend Preference Shares   88.64p

 Package Units                     92.45p

 The net asset values have been calculated on a cum-income basis, with
 dividends payable deducted from net assets on the ex-dividend date.  Financial
 assets are valued on a mid-market price basis; financial liabilities are
 included at book value (including amortised costs).

 * The ex-income NAV of each Income Shares is 0.00p.
                                                                                

[HUG#1376317]