Net Asset Value(s)

City of London Investment Trust PLC
17 May 2007


HENDERSON GLOBAL INVESTORS



17 May 2007




THE CITY OF LONDON INVESTMENT TRUST PLC

As at close of business on 16 May 2007, the unaudited net asset value per share
calculated in accordance with the AIC formula (excluding current financial year
revenue items) was 347.4p and the net asset value per share including debt
marked at fair value was 339.7p.



For further information, please call:

Graham Hunnisett

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]




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