Notice of Results Correction

City of London Investment Group PLC
18 January 2008


For immediate release, 18 January 2008


                      CITY OF LONDON INVESTMENT GROUP PLC
                      ('City of London' or 'the Company')

                    NOTICE OF HALF YEAR RESULTS - CORRECTION

This announcement replaces that released at 0907h this morning in which the
Company's funds under management was mistakenly stated in the Notes to Editors
at US$2.8 billion as a result of the Notes to Editors from the full year results
announcement for the year to 31 May 2006 being inadvertantly attached. The
correct figure, as at the Company's half year end on 30 November 2007, is US$4.6
billion.

City of London Investment Group PLC (AIM: CLIG), a leading emerging market asset
management group, will announce its half year results for the six months to 30
November 2007 on Tuesday 29th January 2008.

A briefing for analysts will be held at 9am on the day of announcement, at the 
offices of Tavistock Communications, 131 Finsbury Pavement, London, EC2A 1NT.

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

Doug Allison (CFO)                            Simon Hudson / Andrew Dunn
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$4.6 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