19 Mar 2007 10:02
City Of London Group PLC19 March 2007 RELEASED ON BEHALF OF: CITY OF LONDON GROUP PLC March 19, 2007 COLG CEASES TALKS WITH FUND MANAGEMENT TEAM ___________________________________________________________ City of London Group Plc (COLG) reports that, further to the MOU signed lastNovember with a team of fund managers, it has not been possible to agreemutually acceptable terms between the parties and negotiations have ceased. The Board of City of London Group are actively examining other potentialcorporate actions within the financial sector. A further announcement regarding City of London Financial Services' applicationfor FSA approval and the issue of a previously reported share placement will be made as soon as possible. Contact: John Greenhalgh Chairman City of London Group Plc. Tel: 020-7628-5518 Peter Doye Deputy Chairman City of London Group Plc. M: 07767 445390 This information is provided by RNS The company news service from the London Stock Exchange