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Friday 06 January, 2006

City of LondonInvGrp

SAR 3 - JPMorgan Flem.Russ

City of London Investment Group PLC
06 January 2006



                                                                    FORM SAR 3


                        DISCLOSURE OF ACQUISITIONS
     (Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer                             CITY OF LONDON INVESTMENT GROUP PLC

Beneficial owner, if different from above                N/A



Names of any other persons acting by agreement           N/A
or understanding (see SAR 5)

Company dealt in                                  JP MORGAN FLEMING RUSSIA

Class of voting shares (eg ordinary shares)             ORDINARY

Date of acquisition                                 5TH JANUARY 2006



Number of shares acquired                             +100,000

Number of rights over shares acquired #                  N/A

Nature of rights over shares                             N/A




Total holding of voting shares (and percentage of     15,219,969 (27.10%)
total voting shares in issue)

Total holding of rights over shares (and                 N/A
percentage of total voting shares in issue)

Combined total holding (and percentage) of            15,219,969 (27.10%)
voting shares and rights over shares




Date of disclosure                                6TH JANUARY 2006

Contact name                                      OLIVER MARSCHNER

Telephone number                                  0207 860 8340


#     See the definition of  'rights over shares' in the Definitions Section 
      of the SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their 
Notes which can be viewed on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk.




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