Net Asset Value(s)

29 September 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 £154.0 million. Income Shares 5.22p Capital Shares 2.25p Zero Dividend Preference Shares 82.27p Package Units 89.74p 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). ---END OF MESSAGE---