Notifiable Interest

City of London Investment Group PLC
29 February 2008

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

                              Notifiable Interest



A form TR-1 containing the following information has been received by the
Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

City of London Investment Group PLC

2. Reason for the notification

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Hargreave Hale Limited

4. Full name of shareholder(s) (if different from 3):

For Discretionary Clients

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

28 February 2008

6. Date on which issuer notified:

29 February 2008

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to       Resulting situation after the triggering transaction
shares             Triggering transaction
                                               Notification required under DTR transitional provision 7
if possible using
ISIN CODE          Number of     Number of     Number of shares        Number of voting rights % of voting rights
                   Shares        Voting Rights

                                               Direct      Indirect    Direct     Indirect     Direct     Indirect
GB00B104RS51       1,130,155     1,130,155                 1,348,905              1,348,905               5.0374%

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           Number of voting       % of voting rights
instrument                            Conversion Period/  rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised/ converted




Total (A+B)
Number of voting rights                              % of voting rights


1,348,905                                            5.0374%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

700,000 of these shares are for unit trusts operated by Marlborough Fund
Managers Ltd, for which Hargreave Hale manages the investments on a
discretionary basis. The remaining balance is held on behalf of other
discretionary clients.

10. Name of the Proxy holder:



11. Number of voting rights proxy holder will cease to hold:



12. Date on which proxy holder will cease to hold voting rights:



13. Additional information:

The TVR figure used to calculate the percentage is 26,777,800

14. Contact name:

David Clueit

15. Contact telephone number:

01253 754739




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