Purchase of Own Securities

City of London Investment Trust PLC
23 July 2001




THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

23 July 2001


THE CITY OF LONDON INVESTMENT TRUST PLC


Market Purchase by the Company of its own Ordinary Shares



The City of London Investment Trust plc hereby gives notification that,
pursuant to the authority granted to the Company at the Annual General Meeting
on 2 November 2000 to make market purchases of the Company's own shares, a
market purchase of 100,000 ordinary shares of 25p each of the Company was made
today at a price of 227.00p per share.

Following the purchase and cancellation of the above shares, 205,301,018
ordinary shares of 25p each will remain in issue.

                                   - ENDS-

For further information please contact:

Job Curtis/Alex Crooke

The City of London Investment Trust plc

Telephone: [phone]

or

Vicki Staveacre

The Press Office

Henderson Investors

Telephone: [phone]