Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1. Mark Dwyer

2

Reason for the notification

a)

Position/status

1. Chief Investment Officer EM CEF Group

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

City of London Investment Group plc

b)

LEI

549300BV85TFYXK2Y635

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of £0.01 each

ISIN: GB00B104RS51

b)

Nature of the transaction

1. Sale of shares

2. Purchase of shares

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 May 2017

f)

Place of the transaction

London Stock Exchange