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City of London IT (CTY)

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Friday 25 July, 2003

City of London IT

Holding(s) in Company

City of London Investment Trust PLC
25 July 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

THE CITY OF LONDON INVESTMENT TRUST PLC

2. Name of shareholder having a major interest

AXA GENERAL INSURANCE LTD

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

AS ABOVE

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

CHASE NOMINEES LTD

5. Number of shares / amount of stock acquired

NOT NOTIFIED

6. Percentage of issued class

-

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class

-

9. Class of security

14% NON CUMULATIVE PREFERRED ORDINARY STOCK

10. Date of transaction

NOT NOTIFIED


11. Date company informed

25 JULY 2003

12. Total holding following this notification

£80,883 STOCK

13. Total percentage holding of issued class following this notification

13.72%

14. Any additional information

-

15. Name of contact and telephone number for queries

KRISTA BURWOOD - 020 7818 2966

16. Name and signature of authorised company official responsible for making
this notification

KRISTA BURWOOD, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, SECRETARY

Date of notification

25 JULY 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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