City Of London Investment Regulatory News (CTY)

HENDERSON INVESTMENT FUNDS LIMITEDTHE CITY OF LONDON INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55

24 October 2019

THE CITY OF LONDON INVESTMENT TRUST PLC

Appointment of New Non-Executive Director

The Board of The City of London Investment Trust plc is pleased to announce the appointment of Sir Laurie Magnus as a non-executive Director with effect from 1 March 2020.

Sir Laurie Magnus is a Senior Adviser at Evercore Partners, the investment banking group. He has over 40 years' experience in the corporate finance advisory business. Currently, Sir Laurie is Chairman of Pantheon International plc and JP Morgan Multi Asset Trust Plc. He is also a non-executive director of Aggregated Micro Power Holdings plc and Fidelity Japan Trust plc, the latter of which he is to retire from in May 2020. In the not for profit sector he is Chairman of Historic England.

It is the Board's intention that Sir Laurie Magnus will become Chairman of the Company following the retirement of Philip Remnant at the Annual General Meeting in October 2020.

In accordance with paragraphs 9.6.13 (1) to (6) of the Listing Rules, it is confirmed that there are no additional details to be disclosed in relation to Sir Laurie Magnus.

The Board also announces that Simon Barratt is to retire from the Board on 1 January 2020.

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