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City of London IT (CTY)

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Tuesday 21 March, 2006

City of London IT

Director/PDMR Shareholding

City of London Investment Trust PLC
21 March 2006

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)      An issuer making a notification in respect of a transaction relating to 
         the shares or debentures of the issuer should complete boxes 1 to 16, 
         23 and 24.
(2)      An issuer making a notification in respect of a derivative relating the 
         shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 
         and 24.
(3)      An issuer making a notification in respect of options granted to a 
         director/person discharging managerial responsibilities should complete 
         boxes 1 to 3 and 17 to 24.
(4)      An issuer making a notification in respect of a financial instrument 
         relating to the shares of the issuer (other than a debenture) should 
         complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.



1. Name of the issuer



THE CITY OF LONDON INVESTMENT TRUST PLC



2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)



ii DIRECTOR



3. Name of person discharging managerial responsibilities/director



S M DE ZOETE



4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person



As above




5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest



BENEFICIAL



6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares



ORDINARY SHARES



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



 Smith & Williamson Nominees (designated account not specified)







8 State the nature of the transaction



PURCHASE



9. Number of shares, debentures or financial instruments relating to shares
acquired



30,000 ORDINARY 25P SHARES



10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)



INSIGNIFICANT



11. Number of shares, debentures or financial instruments relating to shares
disposed



....................................



12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)



....................................



13. Price per share or value of transaction



30,000 at 2.7175p



14. Date and place of transaction



21 MARCH 2006 - LONDON



15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

8,586 MRS DE ZOETE

165,000 MR DE ZOETE

_____

173,586 = 0.08%

16. Date issuer informed of transaction

21 MARCH 2006



If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes



17 Date of grant



....................................



18. Period during which or date on which it can be exercised



....................................



19. Total amount paid (if any) for grant of the option



....................................



20. Description of shares or debentures involved (class and number)



....................................

....................................



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise



....................................



22. Total number of shares or debentures over which options held following
notification



....................................



23. Any additional information



....................................



24. Name of contact and telephone number for queries

KRISTA BURWOOD  - 020 7818 2966



Name and signature of duly authorised officer of issuer responsible for making
notification

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

Date of notification



21 MARCH 2006

END


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