Change of Adviser

City of London Investment Trust PLC
16 April 2003

THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

16 APRIL 2003




                    THE CITY OF LONDON INVESTMENT TRUST PLC

                       Appointment of a Corporate Broker



The Board of The City of London Investment Trust plc announces that UBS Warburg
have been appointed as corporate stockbroker to the Company.



                                    - ENDS -



For further information please contact :

Job Curtis

The City of London Investment Trust plc

Telephone: [phone]



Stephen Westwood

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]



Stephen Phillips

Investor Relations Manager

Henderson Global Investors

Telephone: [phone]


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