9 July 2008 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 £168.3 million. Income Shares 6.31p Capital Shares 10.66p

Zero Dividend Preference Shares 81.20p

Package Units 98.17p

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).