. RNS Number:9859R 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: Fidelity International Limited (FIL) 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 Resulting situation after the if possible using the ISIN CODE Triggering transaction triggering transaction Number of Number of Number of Number of % of Voting rights Shares Voting Rights Shares Voting Rights Direct Direct Indirect Direct Indirect ISIN GB00B132NW22 3,464,568 3,464,568 3,464,568 0.49% B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of Voting % of Voting Rights instrument Date Conversion Rights that may be Period/ Date acquired if the instrument is exercised/ converted. Total (A+B) Number of Voting Rights % of Voting Rights 3,464,568 0.49% 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: Fidelity International Limited (FIL) 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 FMR. 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 Fidelity International Limited (FIL) entities): Contact address (registered office for legal Pembroke Hall, 42 Crow Lane, Pembroke HM19 Bermuda 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 International 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 FMR Corp. Please note these holdings are correct as of close of business 22 February 2007. FIL Issuer name: ASHMORE GROUP PLC Current ownership percentage: 0.49% Total Shares Held 3,464,568 Issued share capital: 708,925,000 Fidelity International Limited (FIL) is SHARES NOMINEE MANAGEMENT the parent holding company for various HELD COMPANY direct and indirect subsidiaries, including Fidelity Fund Management Limited (FFML), 111,350 TRUST & CUST FIJ Fidelity Investment Services Ltd (FISL), SVCS BK LTD, TOKO Fidelity Gestion (FIGEST), Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity 65,400 STATE STREET FIA(K)L Investments Management (Hong Kong) Limited HONG KONG (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan (FIJ) and Fidelity 929,800 STATE STR BK FPM Investments International (FII), investment AND TR CO LNDN (S managers for various non-US investment companies and institutional clients. 112,600 STATE STR BK FIL AND TR CO LNDN (S 1,773,900 NORTHERN TRUST FPM LONDON 412,000 NORTHERN TRUST FIL LONDON 59,518 JP MORGAN, FISL BOURNEMOUTH This information is provided by RNS The company news service from the London Stock Exchange END HOLOKOKNOBKDCBB