Net Asset Value(s)

City of London Investment Trust PLC
22 October 2007


HENDERSON GLOBAL INVESTORS

22 October 2007


THE CITY OF LONDON INVESTMENT TRUST PLC

As at close of business on 19 October 2007, the unaudited net asset value per
share calculated in accordance with the AIC formula (excluding current financial
year revenue items) was 334.9p and the net asset value per share including debt
marked at fair value was 327.0p.

                                    - ENDS -

For further information, please call:

Mark Pantlin

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]




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