City Lon Inv Regulatory News (CLIG)

City of London Investment Group PLC

08 April 2015

CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "the Group" or "the Company")

INTERIM MANAGEMENT STATEMENT

QUARTERLY FUNDS UNDER MANAGEMENT ("fUm") UPDATE

City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 January 2015 to 31 March 2015.

Funds under Management

As at 31 March 2015 FuM were US$4.2 billion (£2.8 billion). This compares with US$4.0 billion (£2.6 billion) at 31 December 2014.

FuM rose 5% over the quarter, while the MSCI Emerging Markets TR Index (NDUEEGF) rose 2.2% over the same period.

Operations

The Group's income accrues at a weighted average rate of approximately 85 basis points, net of commissions and custody charges. "Fixed" costs are in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.2 million per month based upon current FuM and a US$/£ exchange rate of US$1.48 to £1.

Dividends

The interim dividend of 8 pence per share was paid on 6 March 2015, signalling the board's current intention to recommend a final dividend of not less than 16 pence, subject to no marked deterioration in our markets and our continuing current profitability.

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