. RNS Number:5745O Ashmore Group PLC 22 December 2006 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer Ashmore Group plc 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) Both 3. Name of person discharging managerial responsibilities/director James Neilson Pettigrew 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person No 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Holding 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares Ordinary Shares of 0.01p each 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them James Neilson Pettigrew 8. State the nature of the transaction Conditional right to receive 200,000 ordinary shares under Ashmore's Executive Omnibus Incentive Plan 9. Number of shares, debentures or financial instruments relating to shares acquired 200,000 Ordinary Shares 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.028% 11. Number of shares, debentures or financial instruments relating to shares disposed N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A 13. Price per share or value of transaction 250p per share 14. Date and place of transaction 22 December 2006, London Stock Exchange 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 258,500 Ordinary Shares (0.036%) 687,600 Ordinary Shares held under options (0.097%) Total: 946,100 (0.133%) 16. Date issuer informed of transaction 22 December 2006 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A 22. Total number of shares or debentures over which options held following notification N/A 23. Any additional information None 24. Name of contact and telephone number for queries Mark Grimwood, Company Secretary 020 7557 4100 Name and signature of duly authorised officer of issuer responsible for making notification As above Date of notification 22 December 2006 This information is provided by RNS The company news service from the London Stock Exchange END RDSFEEFFESMSEFE