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City of London IT (CTY)

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Tuesday 29 May, 2007

City of London IT

Holding(s) in Company

City of London Investment Trust PLC
29 May 2007


TR-1:          NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:
                                                                 The City of London Investment Trust plc
2. Reason for the notification     (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights                                                       X
An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the notification            Rensburg Sheppards Investment Management
obligation:                                                      Limited

4. Full name of shareholder(s) (if different from 3.):           N/A
5. Date of the transaction (and date on which the threshold is              25th May 2007
crossed or reached if different):

6. Date on which issuer notified:                                             29th May 2007

7. Threshold(s) that is/are crossed or reached:                  3%

8. Notified details:                                             Nominee Holdings



A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction
shares           the Triggering
                 transaction
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares
CODE                        Rights     Direct       Direct       Indirect     Direct       Indirect

Ordinary Shares  8,373,383  558,225                              558,019                   3.99%

GB0001990497




B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights

558,019                                            3.99%



9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:

Client holdings registered in the name of Nominee companies 100% owned by
Rensburg Sheppards Investment Management Limited.


Proxy Voting:
10. Name of the proxy holder:                                        N/A

11. Number of voting rights proxy holder will cease to hold:         N/A

12. Date on which proxy holder will cease to hold voting rights:     N/A


13. Additional information:                  N/A

14. Contact name:                            N/A

15. Contact telephone number:                N/A


Annex Notification Of Major Interests In Shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)        Rensburg Sheppards Investment Management Limited

Contact address (registered office for legal entities)     Quayside House

                                                           Canal Wharf

                                                           Leeds LS11 5PU
Phone number                                               0113 259 5872
Other useful information (at least legal representative    Mike Rigby
for legal persons)
                                                           (Head of Compliance)



B:        Identity of the notifier, if applicable
Full name                                                  Philip Martin Beardwell
Contact address                                            2 Gresham Street

                                                           London

                                                           EC2V 7QN
Phone number                                               020 7597 1356
Other useful information (e.g. functional relationship      Compliance Officer
with the person or legal entity subject to the
notification obligation)



C:        Additional information
This disclosure is made by Rensburg Sheppards Investment Management Limited 
based on Nominee holdings in accordance with DTR 5.2.1(F).






                      This information is provided by RNS
            The company news service from the London Stock Exchange