Notifiable Interest

City of London Investment Group PLC
23 April 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:

HBOS plc


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

See Section 9


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

21 April 2008


6. Date on which issuer notified:

22 April 2008


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

Direct and indirect holdings increase to above 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                 Direct          Indirect      Direct    Indirect

Ord 1p Shares     1,302,863     1,302,863     1,277,848              1,277,848       25,015        5.039%    0.098%
ISIN
GB00B104RS51




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

1,302,863                                            5.137%




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

Insight Investment Management Limited* ('IIML') - (Indirect) - 1,302,848
(5.137%)

IIML manages holdings on behalf of other HBOS Group companies, and other third
parties external to the HBOS Group, under various discretionary management
agreements.

(* - wholly owned subsidiaries of HBOS plc.)


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:

Notification using the total voting rights figure of 25,360,500


14. Contact name:

Kenny Melville


15. Contact telephone number:

0131 243 8671





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