Additional Listing

City of London Investment Trust PLC
07 March 2003

7 March 2003


                    THE CITY OF LONDON INVESTMENT TRUST PLC


                          Issue of New Ordinary Shares

Application has been made to the UK Listing Authority and to the London Stock
Exchange to list 2,171,412 new ordinary shares in The City of London Investment
Trust plc on the Official List pursuant to the scheme of reconstruction of
Henderson Geared Income & Growth Trust plc. City of London shares will be issued
at 166.22p per share, 100.5% of their net asset value at close of business on 6
March 2003, to those shareholders of Henderson Geared Income & Growth Trust plc
who elected to receive them.

Dealings in the new ordinary shares are expected to commence on 10 March 2003.



                                    - ENDS -


For further information please contact :

Job Curtis
Portfolio Manager, The City of London Investment Trust plc
Telephone: [phone]

Stephen Westwood
Head of Investment Trusts, Henderson Global Investors
Telephone: [phone]

or

Vicki Staveacre
Henderson Press Office
Telephone: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange