. RNS Number:9863R Ashmore Group PLC 27 February 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ASHMORE GROUP PLC 2. Reason for the notification (please place an X inside the appropriate bracket /s): An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( X ) Other (please specify) : ( ) 3. Full name of person(s) subject to the notification obligation: FMR CORP 4. Full name of shareholder(s) (if different from 3.) : SEE ATTACHED SCHEDULE 5. Date of the transaction (and date on which the threshold is crossed or reached if different): Revised due to DTR rules 6. Date on which issuer notified: 26 February 2007 7. Threshold(s) that is/are crossed or reached: N/A 8. Notified details A: Voting rights attached to shares Class/type of shares Situation previous to the Triggering transaction Resulting situation after the triggering transaction if possible using the ISIN CODE Number of Shares Number of Voting Rights Number of Shares Number of Voting Rights % of Voting rights Direct Direct Indirect Direct Indirect ISIN GB00B132NW22 36,600,724 36,600,724 36,600,724 5.16% B: Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration Date Exercise/Conversion Period/ Date Number of Voting Rights that may be acquired if the instrument is exercised/ converted. % of Voting Rights Total (A+B) Number of Voting Rights % of Voting Rights 36,600,724 5.16% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable : See attached schedule Proxy Voting: 10. Name of the proxy holder: FMR CORP 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: As discussed with the FSA, prior to the implementation of the EU transparency directive, we aggregated the interests in shares of FMR Corp (FMR) and Fidelity International limited (FIL) together for the purposes of shareholder reporting. According to the new DTR rules we are now reporting the indirect holdings of FMR and FIL separately. A separate notification is being submitted for FIL. Please note these holdings are correct as of close of business 22 February 2007. 14. Contact name: Teresa Garry 15. Contact telephone number: 01737 837092 Annex to Notification of Major Interests in Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal FMR CORP entities): Contact address (registered office for legal 82 Devonshire Street, Boston MA, 02109 USA entities): Phone number: 01737 837092 Other useful information (at least legal Company Secretary representative for legal persons): B: Identity of the notifier, if applicable Full name: Fidelity Investments Contact address: Windmill Court XTW2B, Millfield Lane, Lower Kingswood, Tadworth, Surrey KT20 6RB Phone number: 01737 837092 Other useful information (e.g. functional Authorised to make this filing under power of relationship with the person or legal entity attorney subject to the notification obligation): C: Additional information: As discussed with the FSA, prior to the implementation of the EU Transparency Directive, we aggregated the interests in shares of FMR Corp (FMR) and Fidelity International Limited (FIL) together for the purposes of shareholder reporting. According to the new DTR rules we are now reporting the indirect holdings of FMR and FIL separately. A separate notification is being submitted for FIL. Please note these holdings are correct as of close of business 22 February 2007. FMR Issuer name: ASHMORE GROUP PLC Current ownership percentage: 5.16% Total Shares Held 36,600,724 Issued share capital: 708,925,000 FMR Corp is the 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. SHARES HELD NOMINEE MANAGEMENT COMPANY 3,014,006 STATE STREET BANK AND TR CO FMTC 530,653 MELLON BANK N.A. FMTC 5,331,300 MELLON BANK N.A. FMRCO 4,310,800 JPMORGAN CHASE BANK FMTC 863,485 CITIBANK NA FMRCO 22,550,480 BROWN BROTHERS HARRIMAN AND CO FMRCO This information is provided by RNS The company news service from the London Stock Exchange END HOLOKOKQOBKDDBB