. RNS Number:3057W Ashmore Group PLC 09 May 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: (X) 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: ( ) 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): 3 May 2007 6. Date on which issuer notified: 8 May 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to the Triggering transaction using the ISIN CODE Number of shares Number of voting Rights ISIN GB00B132NW22 35,591,817 35,591,817 Resulting situation after the triggering transaction Class/type of shares if Number of shares Number of voting rights % of voting rights possible using the ISIN CODE Direct Direct (x) Indirect (xi) Direct Indirect ISIN GB00B132NW22 35,382,317 4.99% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rights financial Period/ Date that may be acquired if the instrument instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 35,382,317 4.99% 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: 209,500 12. Date on which proxy holder will cease to hold voting rights: 3 May 2007 13. Additional information: 14. Contact name: Teresa Garry 15. Contact telephone number: Fil-regulatory reporting@uk.fid-intl.com 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 entities): FMR Corp Contact address (registered office for legal entities): 82 Devonshire Street, Boston, MA, 02109 USA Phone number: 01737 837092 Other useful information (at least legal representative for legal persons): Company Secretary B: Identity of the notifier, if applicable Full name: Fidelity Investments International Contact address: Windmill Court XTW2B, Millfield Lane, Lower Kingsworth, Tadworth, Surrey KT20 6RB Phone number: 01737 837092 Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation): Authorised to make this filing under power of attorney C: Additional information: See below FMR Issuer name: ASHMORE GROUP PLC Current ownership percentage: 4.99% Total Shares Held 35,382,317 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 NOMINEE MANAGEMENT HELD COMPANY 3,014,006 STATE FMTC STREET BANK AND TR CO 530,653 MELLON FMTC BANK N.A. 5,831,300 MELLON FMRCO BANK N.A. 4,310,800 JPMORGAN FMTC CHASE BANK 21,695,558 BROWN FMRCO BROTHERS HARRIMAN AND CO This information is provided by RNS The company news service from the London Stock Exchange END HOLUUUBUAUPMGWB