Transaction in Own Shares

City of London Investment Trust PLC
27 June 2007




HENDERSON GLOBAL INVESTORS

THE CITY OF LONDON INVESTMENT TRUST PLC

27 June 2007



                    THE CITY OF LONDON INVESTMENT TRUST PLC

                Market Purchase by the Company of its Own Shares


Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 20 October 2006 to make market purchases
of the Company's own shares of 25p, a market purchase of 199,623 ordinary shares
in the capital of the Company was made today at a price of 298.8921p per share.

The issued share capital of the Company following this purchase is 208,099,915
ordinary shares of 25p each.

The figure to be used as the denominator for calculations of interests in the
Company's voting rights on a poll is 13,933,009 comprising:

a)  13,873,327 in respect of the Ordinary Shares (one vote for every 15
    shares held);

b)  30,198 in respect of the First Preference Stock (one vote for every
    £10 of stock held); and

c)  29,484 in respect of the Preferred Ordinary Stock (one vote for every
    £20 of stock held).


                                    - ENDS -



For further information please contact:

Job Curtis

The City of London Investment Trust plc

Telephone:  [phone]



James de Sausmarez

Head of Investment Trusts, Henderson Global Investors

Telephone: [phone]




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