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City of London IT (CTY)

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Friday 26 May, 2006

City of London IT

Holding(s) in Company

City of London Investment Trust PLC
26 May 2006

                                  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


QUILTER & CO AS DISCRETIONARY MANAGERS



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


MORGAN STANLEY QUILTER NOMINEES LTD - 147,800



5. Number of shares / amount of stock acquired


NOT NOTIFIED



6. Percentage of issued class


-



7. Number of shares / amount of stock disposed


NOT NOTIFIED



8. Percentage of issued class


-



9. Class of security


4.2% NON-CUMULATIVE SECOND PREFERENCE STOCK



10. Date of transaction


16 MAY 2006






11. Date company informed


26 MAY 2006



12. Total holding following this notification


£147,800 STOCK



13. Total percentage holding of issued class following this notification


14.84%



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


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



Date of notification


26 MAY 2006



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