SAR 3 - Advance Developing

City of London Investment Group PLC
18 April 2006


                                                                    FORM SAR 3


                        DISCLOSURE OF ACQUISITIONS
     (Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer                           CITY OF LONDON INVESTMENT GROUP PLC

Beneficial owner, if different from above                       N/A



Names of any other persons acting by agreement                  N/A
or understanding (see SAR 5)

Company dealt in                                  ADVANCE DEVELOPING MARKETS

Class of voting shares (eg ordinary shares)           ORDINARY

Date of acquisition                                  13TH APRIL 2006



Number of shares acquired                                587,500

Number of rights over shares acquired #                   N/A
                                                         
Nature of rights over shares                              N/A
                                                          



Total holding of voting shares (and percentage of      12,722,480 (16.11%)
total voting shares in issue)

Total holding of rights over shares (and                      N/A
percentage of total voting shares in issue)

Combined total holding (and percentage) of             12,722,480 (16.11%)
voting shares and rights over shares                   




Date of disclosure                                        18TH APRIL 2006

Contact name                                              OLIVER MARSCHNER

Telephone number                                          0207 860 8340


#     See the definition of  'rights over shares' in the Definitions Section 
      of the SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their 
Notes which can be viewed on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk.






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