. RNS Number:3373P Ashmore Group PLC 11 January 2007 Ashmore Group plc 0700 11 January 2007 TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT Ashmore Group plc ("the "Group"), a leading specialist emerging markets asset manager, announces today the following trading update and assets under management ("AuM") statement in respect of the six month period ending 31 December 2006. Assets under Management Actual Estimated Theme AuM AuM Movement 30 June 2006 31 Dec 2006 (US$bn) (US$bn) (%) US Dollar 15.2 18.3 20 Local Currency 3.0 3.8 27 Special Situations 1.3 2.9 123 Equity 0.6 1.8 200 Total 20.1 26.8 33 Trading conditions in the six months to 31 December 2006 remained satisfactory with global liquidity and strong fundamentals in emerging markets continuing to be positive for the Group's investment themes. The Group has continued to attract net subscriptions across all of its investment themes and the Group's track record of delivering investment out-performance has been sustained. Net subscriptions during this period totalled US$4.2bn, including, as previously announced, the US$1.3bn raised in August through the launch of Ashmore Global Special Situations Fund 3 L.P. Approximately 18 per cent. of the net subscriptions represent inflows generated through investments into the Group's Multi Strategy Fund, which invests across the Group's investment themes. Although the Group continues to deliver strong investment performance, as anticipated at the time of the Group's IPO in October 2006, crystallised performance fees during the financial year to 30 June 2007 are expected to be substantially lower than those crystallised in the prior year. The Group estimates that crystallised performance fees in the six months to 31 December 2006 were £8m. The Group remains focused on delivering long term investment outperformance and generating net management fee income through the attraction of net subscriptions across all of its investment themes. Trading conditions across the Group's investment themes continue to be in line with management expectations and the Directors remain confident of the Group's prospects for the current financial year. Mark Coombs, CEO and Jim Pettigrew, COO/CFO will be hosting a conference call at 3.15pm London time today for investors and analysts. Dial in details are available upon request from Penrose Financial on the number at the end of this statement. Ashmore will announce its interim results and maiden interim dividend in respect of the financial year to 30 June 2007 at 0700 hours on 27 February 2007. There will be a presentation for analysts and investors at 9:30am on that date at the offices of UBS at 1 Finsbury Avenue, London EC2M 2PP. A copy of the presentation will be made available on the Company's website. For further information, please contact: Ashmore Group plc +44 20 7557 4100 Jim Pettigrew Penrose Financial +44 20 7786 4888 Gay Collins +44 7798 626 282 gayc@penrose.co.uk Will Bowen +44 7979 771 057 willb@penrose.co.uk This information is provided by RNS The company news service from the London Stock Exchange END TSTILFITLAIILID