Two penta-coordinate CoII complexes with formulae [Co(14-TMC)Cl](BF4) (1, 14-TMC = 1,4,8,11-Tetramethyl-1,4,8,11-tetraazacyclotetradecane) and [Co(12-TBC)Cl](ClO4)·(MeCN) (2, 12-TBC = 1,4,7,10-Tetrabenzyl-1,4,7,10-tetraazacyclododecane) were synthesized and characterized. Structural analysis revealed that ligand coordinates to the CoII centre in a tetradentate fashion and the fifth position is occupied by chloride ion and the geometries around CoII centres are best described as distorted square pyramidal. Detailed magnetic measurements disclose the presence of significant easy-plane magnetic anisotropy and field induced slow magnetic relaxation behaviours of the studied complexes. More insight into the magnetic anisotropy has been given using ab initio theory calculations, which agree well with the experimental values and further confirmed the easy-plane magnetic anisotropy.