The syn,anti and syn,syn forms of the complexes [Co(cyclen)(O2C2O2)]ClO41 and 2 respectively and [Co(cyclen)(O2CCH2CO2)][ClO4]·H2O 3 and 4 respectively (cyclen = 1,4,7,10-tetraazacyclododecane) have been prepared and their single crystal structures determined. Protonated forms of 3 and 4 are obtained as their ClO4− salts on crystallisation of the parent complexes from aqueous HClO4, and a crystal structure of the former shows protonation occurs on a carbonyl O atom in the malonato bidentate ligand. Proton exchange (D2O, 25.0 °C, I = 1.0 M) of the equatorial NH protons (syn and anti) in 1, 2, 3 and 4 is first order in [OD−], with kH values in the range (1–8) × 107 M−1 s−1. Equilibration between the syn,anti and syn,syn forms of the complexes follows the rate equation kobs = kisom[OH−] with kisom = (1.3 ± 0.1) × 105 M−1 s−1 (25.0 °C, I = 1.0 M NaCl) for both systems, and with final equilibrium distributions of [2]/[1] = 0.100 ± 0.005 and [4]/[3] = 0.057 ± 0.002. The various equatorial NH sites are very susceptible to inversion, with rate constants for lone pair inversion of the deprotonated centres being in the range 2 × 106 to 1 × 108 s−1 at 25 °C. Alkaline hydrolysis (25.0 °C, 1.0 M, NaClO4) of [Co(cyclen)(O2CCH2CO2)]+ gives [Co(cyclen)(OH)2]+ in a biphasic reaction, with both paths first order in [OH−], kOH(1) = 26.9 ± 0.6 M−1 s−1, kOH(2) = 4.9 ± 0.6 M−1 s−1, whereas alkaline hydrolysis of [Co(cyclen)(O2C2O2)]+ gives [Co(cyclen)(OH)2]+ in one step, kOH = 0.114 ± 0.009 M−1 s−1. Mechanisms for the reactions are discussed.