Holding(s) in Company

10 May 2018

CITY OF LONDON INVESTMENT GROUP PLC

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

Holding(s) in Company

City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, announces that on 10 May 2018 the Company's Employee Benefit Trust purchased 50,000 ordinary shares of 1p each at a price of 435 pence per share. Following this purchase the Trust holds 1,390,485 ordinary shares in the Company representing 5.2% of the Company's issued capital, of which 287,426 (1.1% of the Company's issued capital) is held in custody for employees under the terms of the Employee Incentive Plan (EIP).

For further information, please contact:

Barry Olliff, CEO

City of London Investment Group PLC

Tel: 001 215 313 3774

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000