Portfolio Update

City of London Investment Trust PLC
04 July 2007


THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

4 JULY 2007

                    THE CITY OF LONDON INVESTMENT TRUST PLC

                            Listing Rule 15.4.11 (2)

In accordance with paragraph 15.4.11 (2) of the Listing Rules, The City of
London Investment Trust plc announces its ten largest investments as at 30 June
2007. There are no holdings with a value greater than 5% of gross assets.

Company

BP

Vodafone

British American Tobacco

HSBC

Royal Dutch Shell

BT

Diageo

Barclays

Lloyds TSB

GlaxoSmithKline


                                    - ENDS -

For further information, please call:

Job Curtis

Fund Manager

The City of London Investment Trust plc

Telephone: [phone]


James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]


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