RNS Number:7112R
City of London Investment Group PLC
5 November 2003



The SAR - City Natural Res Hgh announcement released on 4 November 2003 at
18:16 under RNS No 6636R has been amended.

Amendment to Section 4(a).

The full amended text is shown below.

                                                        FORM SAR 3


                                       Date of disclosure......4TH NOVEMBER 2003

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

                 
Date of acquisition....3RD NOVEMBER 2003........................................

Acquisition in...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 acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ORDINARY............      11,428,571......shares    N/A..................
                              ...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)

    17,039,946.....(27.11%)   N/A............(    %)    27.11%.......(    %)


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

(4)  (a)  Name of person acquiring shares or rights over shares ............
          GLOBAL EMERGING MARKETS COUNTRY FUND, INVESTABLE EMERGING MARKETS 
          COUNTRY TRUST, EMERGING (FREE) MARKETS COUNTRY FUND, GFM EMERGING
          MARKETS COUNTRY FUND, TRADEX GLOBAL EQUITY FUND AND THE
          EMERGING WORLD FUND.
          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.............................

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

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, Monitoring 
Section, Tel. No: 020 7638 0129.







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