. RNS Number:2158M Ashmore Group PLC 16 November 2006 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of listed company ASHMORE GROUP PLC 2. Name of shareholder with a major interest - FIDELITY INTERNATIONAL - FMR CORP AND THEIR DIRECT AND INDIRECT SUBSIDIARIES 3. Please state whether notification indicates that it is regarding the holding of the shareholder named in 2 above; in respect of a non-beneficial interest; or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 SEE APPENDIX 1 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them SEE APPENDIX 1 5. Number of shares/amount of stock acquired N/A 6. Percentage of issued class (any treasury shares held by the listed company should not be taken into account when calculating percentage) N/A 7. Number of shares/amount of stock disposed N/A 8. Percentage of issued class (any treasury shares held by the listed company should not be taken into account when calculating percentage) N/A 9. Class of security ORDINARY SHARES OF 0.01p EACH 10. Date of transaction N/A 11. Date listed company informed 15 NOVEMBER 2006 12. Total holding following this notification 21,828,925 ORDINARY SHARES 13. Total percentage holding of issued class following this notification (any treasury shares held by the listed company should not be taken into account when calculating percentage) 3.08% 14. Any additional information N/A 15. Name of contact and telephone number for queries MARK GRIMWOOD 020 7557 4123 16. Name and signature of duly authorised officer of the listed company responsible for making this notification MARK GRIMWOOD Date of notification __________16th NOVEMBER 2006 _________ ____________________________________________________________________ APPENDIX 1 On 15 November 2006, Ashmore Group plc (the "Company") received the following notification dated 14 November 2006: "Dear Sirs, Enclosed are amended notifications of disclosable interests under the U.K. Companies Act 1985. Please note that while this information details the disclosable interests of more than one entity, the enclosed disclosure constitutes separate notifications of interest which have been combined solely for purposes of clarity and efficiency. It is not intended to indicate that any of these entities act as a group or in concert with respect to these interests. These disclosures are made in the interest of conformity with the Companies Act. The Interest detailed herein were acquired solely for investment purposes. For disclosure purposes, holdings should be represented as FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited (FIL) and its direct and indirect subsidiaries, both being non-beneficial holders. NOTIFICATIONS UNDER SECTIONS 198 TO 202 - UK COMPANIES ACT 1. Company in which shares are held: Ashmore Group plc 2. Notifiable Interest: Ordinary Shares (A) FMR Corp. 82 Devonshire Street Boston, MA 02109 Parent holding company of Fidelity Management & Research Company (FMRCO), investment manager for US mutual funds, and Fidelity Management Trust Company (FMTC), a US state chartered bank which acts as a trustee or investment manager of various pension and trust accounts. (See Schedule A for listing of Registered Shareholders and their holdings). (B) Fidelity International Limited (FIL) PO Box HM 670 Hamilton HMCX, Bermuda Parent holding company for various direct and indirect subsidiaries, including Fidelity Investment Services Ltd. (FISL), Fidelity Gestion (FIGEST), Fidelity Investments Advisory (Korea) Limited (FIA(K)L), Fidelity Investments Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII), investment managers for various non-US investment companies and institutional clients. 3. The notifiable interests also comprise the notifiable interest of: Mr Edward C Johnson 3d 82 Devonshire Street Boston, MA 02109 A principal shareholder of FMR Corp. and Fidelity International Limited. 4. The notifiable interests include interest held on behalf of authorized unit trust schemes in the U.K., notwithstanding the exemption from reporting pursuant to Section 209(1)(h) of the Companies Act 1985. 5. These notifications of disclosable interests constitute separate notifications of interest in the shares and are combined solely for the purposes of clarity and efficiency. Nothing herein should be taken to indicate that FMR Corp. and its direct and indirect subsidiaries, Fidelity International Limited and its direct and indirect subsidiaries or Mr Edward C. Johnson 3d act as a group or in concert in respect of the disclosed interests, or that they are required to submit these notifications on a joint basis. 6. The disclosable interests arise under section 208 (4) (b) of the Act, namely where a person, not being the registered holder, is entitled to exercise a right conferred by the holding of the shares or to control the exercise of such rights, or under section 203 of the Act respectively. Rani Jandu Regulatory Reporting Senior Manager, FIL - Investment Compliance Duly authorized under Powers of Attorney dated August 25, 204 by Eric D. Roiter by and on behalf of FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries. (Schedule A) Security: ASHMORE GROUP PLC Current ownership percentage: 3.08% Total Shares Held 21,828,925 Shares in issue: 708,925,000 SHARES HELD MANAGEMENT COMPANY NOMINEE/REGISTERED NAME 2,025,100 FMTC JPMORGAN CHASE BANK 1,424,100 FMTC STATE STREET BANK AND TR CO 290,700 FMTC MELLON BANK N.A. 198,600 FMTC NORTHERN TRUST CO 10,602,300 FMRCO BROWN BROTHERS HARRIMAN AND CO 5,331,300 FMRCO MELLON BANK N.A. 1,956,825 FMRCO CITIBANK NA " This information is provided by RNS The company news service from the London Stock Exchange END HOLGUGMWGUPQGCQ