Net Asset Value(s)

3 October 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 £153.0 million. Income Shares 5.22p Capital Shares 1.63p Zero Dividend Preference Shares 82.27p Package Units 89.12p 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---