Result of AGM

City of London Investment Trust PLC
18 October 2002


THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

18 OCTOBER 2002

                    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 3 September 2002, were duly passed on a
show of hands 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 £2,565,637 (being 5% of the
    issued share capital at the date of notice of meeting);


 2. A special resolution was passed giving authority to allot the above
    securities 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 up
    to a maximum of 30,767,127 of the Company's own ordinary shares 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.


Directors

Mr David Hubbard retired from the board following the Annual General Meeting
today, having served for thirteen years. The Chairman thanked Mr Hubbard for his
excellent service and wise counsel over the years.

                                     -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]

Stephen Phillips
Investor Relations Manager
Henderson Global Investors
Telephone: [phone]

or

Mark Vickery
Henderson Press Office
Telephone: [phone]


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