Appointment of Non-Executive Director

23 July 2013

CITY OF LONDON INVESTMENT GROUP PLC

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

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

City of London (LSE: CLIG), a leading emerging markets asset management group, is pleased to announce the appointment of Barry Aling as a non-executive director as of 1st August 2013.

Barry Aling has worked extensively in international equity markets over a 40-year period. Within the emerging market universe, Barry has held senior executive positions with W.I.Carr and Swiss Bank Corporation in Asia and the UK and more recently was a Director of Asset Management Investment Company plc, a listed investment trust specialising in the investment management industry and Gaffney Cline & Associates Limited, a leading petroleum consultancy, prior to its sale to Baker Hughes Inc. in 2007. He is a British national and resident.

David Cardale, Chairman of City of London Investment Group, said: "Barry Aling will add important strength to our board with his direct in depth experience of emerging markets over very many years."

Under listing rule 9.6.13 there are no declarations required.

For further information, please visit www.citlon.co.uk or contact:

Barry Olliff (CEO)