. RNS Number:7594F Ashmore Group PLC 16 October 2007 Ashmore Group plc 0700 16 October 2007 FIRST QUARTER INTERIM MANAGEMENT STATEMENT Ashmore Group plc (the "Group", the "Company") today issues the following interim management statement in respect of the three month period to 30 September 2007. Assets under Management ("AuM") AuM AuM Movement 30 June 2007 30 Sept 2007 (US$bn) (US$bn) (%) Global US$ 21.2 21.9 4 Local Currency 5.0 5.7 14 Special Situations 3.4 3.6 7 Equity 2.0 1.9 (8) Total 31.6 33.1 5 Over a period in which global financial markets experienced a high level of volatility and conditions in global credit markets in particular were challenging, the Group delivered net subscriptions of US$0.1bn and satisfactory levels of investment performance. Despite recent market conditions, investor appetite for emerging markets investments remains positive and the Group continues to benefit from a shift in investor preference towards specialist managers with track records of delivering sustained investment out-performance. The Group's strategy remains consistent; deliver long term investment out-performance; generate and diversify net management fee income through the attraction of net subscriptions across investment themes; and develop the Ashmore brand and business model. Trading conditions into the second quarter of the 2008 financial year are in line with management expectations and the Group remains confident that its prospects for the current financial year are supported by the long-term growth trends demonstrated by emerging market asset classes. The Group will announce a trading update and AuM statement for the six month period to 31 December 2007 at 0700 on 15 January 2008 and its results in respect of this period at 0700 on 26 February 2008. For further information, please contact: Ashmore Group plc +44 20 7557 4100 Jim Pettigrew +44 20 7557 4157 Tom Shippey +44 20 7557 4191 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 TSTMABLTMMMBBMR