Director/PDMR Shareholding

City of London Investment Group PLC
30 November 2007







City of London Investment Group plc

('the Company')



30 November 2007



Director Shareholding



The Company announces that on 29 November 2007 Barry Olliff (Chief Executive)
exercised options over 62,500 Ordinary Shares of 1p each in the Company ('
Ordinary Shares') held by the City of London Employee Share Option Trust ('the
ESOP').  The exercise price paid by Mr. Olliff was 45p per Ordinary Share.  As a
result of this transaction, Mr. Olliff is now interested in 3,850,750 Ordinary
Shares representing 14.38% of the issued share capital.



At the same time Doug Allison (Finance Director) exercised options over 62,500
Ordinary Shares held by the ESOP.  The exercise price paid by Mr. Allison was
45p per Ordinary Share.  Subsequently Mr. Allison sold 30,000 Ordinary Shares
back to the ESOP at a price of 325p per Ordinary Share.  As a result of these
transactions, Mr. Allison's interest in Ordinary Shares has increased to 260,625
representing 0.97% of the issued share capital.



Also on 29 November 2007, various other members of the Company's staff exercised
options over 94,565 Ordinary Shares held by the ESOP and subsequently sold
62,825 shares back to the ESOP.



The net result of these transactions is that the ESOP's shareholding has
decreased by 122,880 Ordinary Shares to 1,971,945 representing 7.36% of the
issued share capital.





Enquiries:



Doug Allison (Finance Director)

City of London Investment Group PLC

Tel: [phone]



Fred Walsh/Simon Brown

Landsbanki Securities (UK) Limited

Nominated Adviser & Broker

Tel: [phone]


Simon Hudson/Andrew Dunn

Tavistock Communications Ltd

Tel: [phone]
















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