21 March 2017

CITY OF LONDON INVESTMENT GROUP PLC

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

Holding(s) in Company

City of London (LSE: CLIG), a leading emerging markets asset management group, announces that on 21 March 2017 the Company's Employee Benefit Trust purchased 25,000 ordinary shares of 1p each at a price of 385 pence per share.  Following this purchase the Trust holds 1,586,135 ordinary shares in the Company representing 5.9% of the Company's issued capital.

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