Director/PDMR Shareholding

City of London Investment Group PLC
04 July 2006





For immediate release, 4 July 2006


                      CITY OF LONDON INVESTMENT GROUP PLC

                      ('City of London' or 'the Company')


                PURCHASE OF SHARES BY DIRECTORS AND EMPLOYEE TRUST


City of London Investment Group PLC (AIM: CLIG), a leading emerging market asset
management group, announces the following purchases of the Company's ordinary
shares by directors:


Name         Number of shares Purchase price Holding   % of Issued Share Capital
Omar Ashur            5,000            180p    5,000                     0.018%
Tom Griffith          2,500            180p   19,075                     0.07%

In addition, the Company's employee trust, AIBWorthytrust Limited, purchased
192,500 ordinary shares at a price of 180p, taking its holding to 2,455,250
being 9.16% of the Company's issued share capital.


For further information, please visit www.citlon.com or contact:

Doug Allison (CFO) / Barry Olliff (CEO)        Simon Hudson / Clemmie Carr
City of London Investment Group PLC            Tavistock Communications
Tel: [phone]                             Tel: [phone]





NOTES TO EDITORS


City of London is an asset management group whose principal activity is
providing emerging market asset management products and services predominantly
to institutional investors via its principal operating company City of London
Investment Management Company Limited. The Group is based in the UK and also has
offices in the US and Singapore. Clients include some of the US's leading blue
chip institutions and endowment funds.


With total funds under management of approximately US$2.8 billion, the Group
manages several Open Ended Funds as well as a number of segregated accounts. The
Group's fund mandates are mainly in emerging markets, although the Group has
more recently diversified its asset management product portfolio by the launch
of a natural resources fund and has also seeded three new funds: a global fund,
a frontier fund and an emerging markets yield fund. The Group seeks to provide
capital growth for clients through active country allocation and stock
selection.




                      This information is provided by RNS
            The company news service from the London Stock Exchange