RNS Number:0986S
City of London Investment Group PLC
14 November 2003


The 'SAR - City Natural Resources High Yield Fund Plc' announcement released 
today at 12:21 under RNS Number 0835S should have been released as a SAR 5 
disclosure and not a SAR 3 disclosure.

The full amended text appears below.

                                                      FORM SAR 5

                                       Date of disclosure    14TH NOVEMBER 2003

             DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

                 
Date of sale    13TH NOVEMBER 2003

Sale of         CITY NATURAL RESOURCES HIGH YIELD FUND PLC   (name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares sold          sold, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ORDINARY                  100,000         shares    .....................
                              ...N/A..........rights


(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting
    in issue)                 shares in issue)

    16,939,946 (26.95%)       ...............(    %)    .............(26.95%)


(3) Party making disclosure   CITY OF LONDON INVESTMENT GROUP PLC

(4)  (a)  Name of person selling shares or rights over shares     CITY OF LONDON
                                                            INVESTMENT GROUP PLC
          and, if different, beneficial owner   

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5)............................


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory)    P O'SULLIVAN

Telephone and extension number    0207 711 0771


For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, 
Tel. No: 020 7382 9026.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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