. RNS Number:3294A Ashmore Group PLC 17 July 2007 Ashmore Group plc 0700 17 July 2007 TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT Ashmore Group plc ("Ashmore", "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 three month period ended 30 June 2007. Assets under Management Actual Estimated Theme AuM AuM Movement 31 March 2007 (US$bn) 30 June 2007 (US$bn) (%) US Dollar 20.1 21.2 5 Local Currency 4.2 5.0 19 Special Situations 3.2 3.4 6 Equity 1.7 2.0 18 Total 29.2 31.6 8 During the three month period ended 30 June 2007, the Group continued to experience a good level of demand for its products, attracting net subscriptions totalling US$2.3bn across its investment themes. Approximately half of the net subscriptions represented inflows generated through investments into the Group's Multi Strategy funds which invest across the Group's investment themes. These include subscriptions into a new fund launched in April 2007 targeting retail investors in Japan which raised US$1.0bn, continuing the Group strategy of diversification. During the financial year ended 30 June 2007, AuM increased by US$11.5bn (57%) from US$20.1bn at 30 June 2006 to US$31.6bn at 30 June 2007. Net subscriptions in the same period were US$8.3bn and investment performance contributed US$3.2bn. Net performance fees recognised in the six month period to 30 June 2007 are estimated to be £12.2m, and were generated across all of the Group's investment themes. The Group remains focused on delivering long term investment out-performance, generating net management fee income through the attraction of net subscriptions across all of its investment themes and developing the Ashmore brand and business model. Despite recent market volatility, trading conditions across the Group's investment themes during the last quarter of the 2007 financial year and into the start of the 2008 financial year remain in line with management expectations. The Group continues to believe that strong macro-economic, demographic and political factors, together with enhanced liquidity, index re-weighting and credit worthiness in the Group's markets will continue to underpin growth across emerging market asset classes. Ashmore will announce its preliminary results in respect of the financial year to 30 June 2007 at 0700 on 12 September 2007. There will be a presentation for analysts and investors at 0930 on that date at the offices of Goldman Sachs at Peterborough Court, 133 Fleet Street London EC4A 2BB. A copy of the presentation will be made available on the Group's website at www.ashmoregroup.com. For further information, please contact; Ashmore Group plc +44 20 7557 4100 Jim Pettigrew +44 20 7557 4157 Chief Operating and Financial Officer Penrose Financial+44 20 7786 4888 Gay Collins +44 7798 626 282 This information is provided by RNS The company news service from the London Stock Exchange END TSTRFMFTMMTBBPR