Notifiable Interest

City of London Investment Group PLC
09 March 2007



              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

Initial notification of major Interest due to change of thresholds as per
Transparency Directive - DTR 5.1.2

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 point 9 below

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

N/A

6. Date on which issuer notified:

08/03/2007

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

9%

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   Number of voting       % of voting rights
                    Shares        Voting Rights shares      rights


                                                Direct      Direct    Indirect     Direct    Indirect


GB00B104RS51        2,595,760     2,595,760     2,595,760   -         2,595,760    -         9.69

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


2,595,760                                            9.69



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

Client                           No of voting     % of total      Registration Name
                                 rights           voting rights

F&C Inst Inv Funds & ICVC Inst   1,277,091        4.77            Chase Nominees Limited
UK Smaller Co Fd

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:

Mike Bassi, F&C Asset Management plc

15. Contact telephone number:

0131 718 1093




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