AGM Statement

City of London Investment Trust PLC
22 October 2004



THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

22 OCTOBER 2004



                    THE CITY OF LONDON INVESTMENT TRUST PLC

                             Annual General Meeting

Resolutions

The City of London Investment Trust plc hereby gives notification that at the
Annual General Meeting of the Company held today all the resolutions, as set out
in full in the notice of meeting dated 7 September 2004, were duly passed
including the following items of special business:-


1) An ordinary resolution was passed giving authority to allot relevant
   securities  up to an aggregate nominal amount of £2,605,172 (being 5% of the
   issued share capital at the date of notice of meeting);


2) A special resolution was passed giving authority to allot up to 5% of
   the issued share capital for cash as if sub-section 89 of the Companies Act 
   did not apply;


3) A special resolution was passed giving authority to make market
   purchases of its own ordinary shares up to a maximum of 14.99% (equivalent to
   31,241,222 shares) of the Company's own ordinary shares as at 22 October at a
   maximum price per share (exclusive of expenses) not exceeding 105% of the
  average middle market quotations for the five business days preceding the date
  of purchase.  Up to 10% of the repurchased shares may be held in Treasury.



4) A special resolution was planned giving authority to make market
   purchases of its own preferred stock (being the 4.2% cumulative first 
   preference stock, the 4.2% non-cumulative second preference stock and the 14%
   non-cumulative preferred ordinary stock) at a maximum price (exclusive of
   expenses) not exceeding 110% of the prevailing middle market quotations for 
   the business day immediately preceding the date of purchase.



                                     -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]





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