CIN.L Regulatory News (CIN)

CITY OF LONDON GROUP PLC

("COLG" or the "Company")

19 October 2015

Admission to AIM and successful completion of £5m Subscription

Further to the announcement on 16 July 2015 and the General Meeting of the Company held on 18 September 2015, City of London Group plc is pleased to confirm that the admission of the Company's Ordinary Shares of 10 pence each ("Ordinary Shares") to trading on AIM occurred at 8.00 a.m. today, 19 October 2015 ("Admission"). The Ordinary Shares have been removed from trading on the Main Market of London Stock Exchange plc and their listing on the Official List has been cancelled. The Subscription, which was fully detailed in the shareholder circular dated 26 August 2015 (the "Circular), of 16,646,064 new Ordinary Shares at a price of 30 pence each, raising £5.0 million (approximately £4.4 million net of expenses), is now complete.

Following Admission and the completion of the Subscription the Company's issued share capital consists of 36,852,681 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 36,852,681. The above figure of 36,852,681 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.

As set out in the Circular, £2.0 million of the net proceeds of the Subscription will be used to acquire preference shares recently issued by Credit Asset Management Limited ("CAML"), a subsidiary of the Company. The balance of the net proceeds will be used to reduce the Company's indebtedness under its revolving credit facility, which will leave the Company with approximately £4.1 million capable of being drawn down under that facility for future investment in both CAML and Trade Finance Partners Limited, an associated company of COLG.

John Kent, Chief Executive Officer, commented:

"We are pleased to announce today that we have successfully completed the Subscription for £5.0 million and the transfer of the Company's listing to AIM. With the additional funding we now have the capital necessary to support the next phase of our Company's growth. Furthermore, being listed on AIM will provide us with greater flexibility to continue this growth in the future. We are also very pleased to welcome Andrew Crossley to the board as Senior Independent Non-Executive Director, and to confirm the appointment of Paul Milner as Non-Executive Chairman."

For further information:

Notes to Editors

City of London Group plc is listed on AIM (TIDM: CIN) and is an investment company focused on providing finance to the SME sector, including professional services firms. It does this through investments in companies providing trade finance, lease finance and loan finance.

www.cityoflondongroup.com