Notifiable Interest

RNS Number:8993S
City of London Investment Group PLC
23 April 2008

City of London Investment Group PLC ("the Company")
Notifiable Interest

A form TR-1 containing the following information has been received by the
Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

City of London Investment Group PLC

2. Reason for the notification

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

HBOS plc

4. Full name of shareholder(s) (if different from 3):

See Section 9

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

21 April 2008

6. Date on which issuer notified:

22 April 2008

7. Threshold(s) that is/are crossed or reached:

Direct and indirect holdings increase to above 5%

8. Notified details:

A: Voting rights attached to shares
Class/type of Situation previous to Resulting situation after the triggering transaction
shares Triggering transaction
Notification required under DTR transitional provision 7
if possible using
ISIN CODE Number of Number of Number of shares Number of voting rights % of voting rights
Shares Voting Rights

Direct Direct Indirect Direct Indirect

Ord 1p Shares 1,302,863 1,302,863 1,277,848 1,277,848 25,015 5.039% 0.098%
ISIN
GB00B104RS51

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration date Exercise/ Number of voting % of voting rights
instrument Conversion Period/ rights that may be
Date acquired if the
instrument is
exercised/ converted

Total (A+B)

Number of voting rights % of voting rights

1,302,863 5.137%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Insight Investment Management Limited* ('IIML') - (Indirect) - 1,302,848
(5.137%)

IIML manages holdings on behalf of other HBOS Group companies, and other third
parties external to the HBOS Group, under various discretionary management
agreements.

(* - wholly owned subsidiaries of HBOS plc.)

10. Name of the Proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the total voting rights figure of 25,360,500

14. Contact name:

Kenny Melville

15. Contact telephone number: