Transaction in Own Shares

City of London Investment Trust PLC
28 June 2007


HENDERSON GLOBAL INVESTORS
THE CITY OF LONDON INVESTMENT TRUST PLC
28 June 2007


                    THE CITY OF LONDON INVESTMENT TRUST PLC
                Market Purchase by the Company of its Own Shares


Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 20 October 2006 to make market purchases
of the Company's own shares of 25p, a market purchase of 101,792 ordinary shares
in the capital of the Company was made today at a price of 301.3684p per share.

The issued share capital of the Company following this purchase is 207,998,123
ordinary shares of 25p each.

The figure to be used as the denominator for calculations of interests in the
Company's voting rights on a poll is 13,926,223 comprising:
     
a)   13,866,541 in respect of the Ordinary Shares (one vote for every 15
     shares held);

b)   30,198 in respect of the First Preference Stock (one vote for every
     £10 of stock held); and

c)   29,484 in respect of the Preferred Ordinary Stock (one vote for every
     £20 of stock held).


                                    - ENDS -

For further information please contact:

Job Curtis
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
            The company news service from the London Stock Exchange        SOKFKBOBKDDAB