Notifiable Interest

City of London Investment Group PLC
28 April 2008

              City of London Investment Group PLC ('the Company')

                              Notifiable Interest



A form TR-1 containing the following information has been received by the
Company.

TR-1 notification of major interests 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

An acquisition or disposal of voting rights

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

F&C Asset Management plc

4. Full name of shareholder(s) (if different from 3):

See box 9 below

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

25 April 2008

6. Date on which issuer notified:

28 April 2008

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

10 & 11%

8. Notified details:

A: Voting rights attached to shares
Class/type of     Situation previous to       Resulting situation after the triggering transaction
shares            Triggering transaction
                                              Notification required under DTR transitional provision 7
if possible using
ISIN CODE         Number of     Number of     Number of shares       Number of voting rights       % of voting rights
                  Shares        Voting Rights

                                              Direct                 Direct          Indirect      Direct    Indirect
GB00B104RS51      2,500,269     2,500,269     2,862,862              -               2,862,862     -         11.29%

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           Number of voting       % of voting rights
instrument                            Conversion Period/  rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised/ converted




Total (A+B)
Number of voting rights                              % of voting rights


2,862,862                                            11.29%



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

F&C Asset Management plc

Client                               No. of voting rights    % of total voting rights        Registration name 

F&C Inst Inv Fund: ICVC Inst UK
Small Co Fd                               1,047,967                    4.13                Chase Nominees Limited

Other client holdings are <3% each

10. Name of the Proxy holder:

F&C Asset Management plc

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:

-

14. Contact name:

Peter Fraser, F&C Asset Management plc

15. Contact telephone number:

0131 718 1051


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