Net Asset Value(s)

City of London Investment Trust PLC
31 July 2006


HENDERSON GLOBAL INVESTORS

31 July 2006


THE CITY OF LONDON INVESTMENT TRUST PLC

As at close of business on 28 July 2006, the unaudited net asset value per share
calculated in accordance with the AITC formula (excluding current financial year
revenue items) was 298.8p and the net asset value per share including debt
marked at fair value was 290.1p.

                                    - ENDS -

For further information, please call:

John Hilton, Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]



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