Director/PDMR Shareholding

City of London Investment Group PLC
06 February 2008


6 February 2008

                         City of London Investment Group plc 
                                  ('the Company')

                              Director Shareholding


On 5 February 2008 Barry Olliff (Chief Executive) acquired 90,000 ordinary
shares of 1p each in the Company ('Ordinary Shares') at a price of 335 pence per
share, taking his total shareholding to 3,940,750 Ordinary Shares representing
14.72% of the issued share capital.



Enquiries:

Doug Allison, Finance Director
City of London Investment Group plc
Tel: [phone]

Jeff Keating/Fred Walsh/Simon Brown
Landsbanki Securities (UK)
Tel: [phone]


Simon Hudson/Andrew Dunn
Tavistock Communications
Tel: [phone]



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