Director/PDMR Shareholding

City of London Investment Group PLC
07 February 2008



                      City of London Investment Group plc
                                 ('the Company')
 
                                7 February 2008

                             Director Shareholding

On 6 February 2008 Barry Olliff (Chief Executive) acquired 10,000 ordinary
shares of 1p each in the Company ('Ordinary Shares') at a price of 335 pence per
share, taking his total shareholding to 3,950,750 Ordinary Shares representing
14.75% 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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