Director/PDMR Shareholding

23 June 2016

CITY OF LONDON INVESTMENT GROUP PLC

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

Notification of Transactions of Persons Discharging Managerial Responsibilities

The Company would like to advise that Barry Olliff, Chief Executive Officer, today purchased 145,186 ordinary shares of 1p each ("Ordinary shares"), at a price of 295p per share.

Mr Olliff's resultant shareholding in the Company following the transaction is 2,775,186 Ordinary Shares, constituting 10.3% of the Company's issued share capital.

This transaction took place in London.

This announcement is made in accordance with the requirements of DTR 3.1.4.

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