Notifiable Interest

RNS Number : 9785D

City of London Investment Group PLC

22 September 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:

The Throgmorton Trust PLC

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

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

18th September 2008

6. Date on which issuer notified:

19th September 2008

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

Gone below 3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using ISIN CODE	Situation previous to Triggering transaction		Resulting situation after the triggering transaction Notification required under DTR transitional provision 7
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB00B104RS51	Last disclosable holding was 800,000 (3.15%) - responsibility of previous fund manager	Last disclosable holding was 800,000 (3.15%) - responsibility of previous fund manager	671,828	671,828	N/A	2.65%	N/A

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

671,828

2.65%

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

The holding of 800,000 (3.15%) was previously managed by Axa Framlington. On 1st July 2008 these shares were transferred to the new fund manager, BlackRock Investment Management (UK) Limited.

Following transactions totalling 128,172 shares on 18th September, the shareholding reducing to 671,828 representing 2.65%, passing below the 3% threshold and therefore triggering the disclosure requirement.

10. Name of the Proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

N/A

14. Contact name:

N/A

15. Contact telephone number:

N/A