Holding(s) in Company

City of London Investment Trust PLC
01 November 2007




TR-1:        NOTIFICATION OF MAJOR INTERESTS IN SHARES 


1. Identity of the issuer or the underlying issuer of existing      The City of London Investment Trust plc
shares to which voting rights are attached:

2. Reason for notification (yes/no)


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               Legal & General Group Plc (L&G)
obligation:


4. Full name of shareholder(s) (if different from 3.):            Legal & General Assurance (Pensions
                                                                       Management) Limited (PMC)


5. Date of the transaction (and date on which the threshold is              17 October 2007
crossed or reached if different):


6. Date on which issuer notified:                                           31 October 2007


7. Threshold(s) that is/are crossed or reached:                           From 3% - 4% (L&G)


8. Notified details:

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

Ord 25p        7,078,295   471,886     8,525,615    568,374                   4.10





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

568,374                                            4.10


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


Legal & General Group Plc (Direct and Indirect) (Group)


Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct
and Indirect)


Legal & General Investment Management Limited (Indirect) (LGIM)


                     Legal & General Group Plc (Direct) (L&G) (568,374 - 4.10% = LGAS, LGPL & PMC)


Legal & General Investment Management (Holdings) Limited       Legal & General Insurance Holdings Limited (Direct)
(Direct) (LGIMHD) 503,603-3.63%=PMC)                           (LGIH)


Legal & General Assurance (Pensions Management) Limited  (PMC) Legal & General Assurance Society Limited  (LGAS & LGPL)
(503,603-3.63% = PMC)


                                                               Legal & General Pensions Limited (Direct)  (LGPL)



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:          Notification using the total voting rights figure of 13,838,324

                                             Please note this notification has been delayed due to the large
                                             number of disclosures required following a substantial amount of
                                              new business which has come to us in the form of an in-specie
                                                                        transfer.
14. Contact name:                                                   Helen Lewis (LGIM)
15. Contact telephone number:                                         020 3124 3851




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