Holding(s) in Company

RNS Number : 1847N

City of London Investment Group PLC

11 February 2009

TR-1: NOTIFICATION OF MAJOR INTEREST 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 (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issues to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

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

Lloyds Banking Group 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:

10 February 2009

6. Date on which issuer notified:

11 February 2009

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

Increase to above 6%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the Triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

Ord 1p

1,491,185

25,048

1,518,792

0.10%

5.95%

GB00B104RS51

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

1,543,840

6.05%

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

1,543,819 shares (6.05%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

Proxy Voting:

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

25,535,500

14. Contact name:

Kenny Melville