Portfolio Update

City of London Investment Trust PLC
04 July 2006

THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

4 JULY 2006


                    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
2006. Holdings with a value greater than 5% of gross assets are marked *.


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





                                    - 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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