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City of London IT (CTY)

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Wednesday 02 January, 2008

City of London IT

Transaction in Close Period

City of London Investment Trust PLC
02 January 2008

THE CITY OF LONDON INVESTMENT TRUST PLC



HENDERSON GLOBAL INVESTORS



2 JANUARY 2008



                    THE CITY OF LONDON INVESTMENT TRUST PLC



            Transactions in a Close Period - Listing Rule 15.5.1 (4)



The City of London Investment Trust plc ("the Company") confirms that:



a)         there is no unpublished information which constitutes price sensitive
information in respect of the Company's securities;



b)         the Company's net asset value per share is calculated and announced
through a Regulated Information Service ("RIS") on a daily basis;



c)         the Company has no reason to believe that there will be any material
difference between the net asset value announced on 2 January 2008 (as at close
of business on 28 December 2007) and the financial information to be published
in the preliminary announcement of its half year results;



d)         the Company has no unquoted investments; and



e)         a dividend may be declared at the end of the close period but is not
expected to be price sensitive.



The Company is therefore exempt during the close period from the provisions of
the Model Code in respect of dealings by persons discharging managerial
responsibilities, purchases of its own securities and the sale of treasury
shares for cash or transfers.  If, in the period leading up to the preliminary
announcement of the results, the directors or the Company come into possession
of any inside information, this will be notified to a RIS before any such
transactions are undertaken.

The close period to which this relates is in respect of the half year ended 31
December 2007.

For further information, please call:


Job Curtis                                           James de Sausmarez

Fund Manager                                         Head of Investment Trusts

The City of London Investment Trust plc              Henderson Global Investors

Telephone: 020 7818 4367                             Telephone: 020 7818 3349



                                    - ENDS -


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