Portfolio Update

City of London Investment Trust PLC
04 January 2006

THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

4 JANUARY 2005


                    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 31
December 2005. Holdings with a value greater than 5% of gross assets are
marked *.


Company

BP*
HSBC Holdings*
GlaxoSmithKline
British American Tobacco
Barclays
Diageo
Lloyds TSB
Royal Dutch Shell
BT
HBOS


                                    - 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]


                      This information is provided by RNS
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