. RNS Number:7620L Ashmore Group PLC 15 January 2008 Ashmore Group plc +0700 15 January 2008 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 period ended 31 December 2007. In the period, Ashmore delivered growth in AuM of US$ 3.7 billion, demonstrating the Group's continued ability to attract investors as a specialist asset manager with a track record of delivering sustained investment outperformance. Actual Estimated Theme AuM AuM Movement 30 September 2007 31 December 2007 (US$billion) (US$billion) (%) Dollar Debt 21.9 23.4 7% Local Currency 5.7 6.4 12% Special situations 3.6 5.1 42% Equity 1.9 1.9 - Total 33.1 36.8 11% The Group continues to experience a good level of demand for its products, attracting net subscriptions of US$ 2.8 billion in the three month period ended 31 December 2007. This includes raising US$ 1.0 billion through the launch of Ashmore Global Special Situations Fund 4 L.P. and EUR 0.5 billion from the successful listing of Ashmore Global Opportunities Limited on the London Stock Exchange. In addition, the Group launched a new fund within a new investment theme, the Ashmore Emerging Markets Corporate High Yield Fund. Investment performance in the period was US$ 0.9 billion. During the six months ended 31 December 2007, performance fees are estimated to be £32 million, generated across the Group's investment themes. The Group's strategy remains consistent; deliver long term investment outperformance; 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 as we enter the third quarter of the 2008 financial year are in line with management expectations, supported by the long term growth trends demonstrated by emerging market asset classes, and the Group remains confident of its prospects for the current year. Ashmore will announce its interim results in respect of the six months ended 31 December 2007 at 0700 hours on 26 February 2008. For further information, please contact: Ashmore Group plc +44 (0)20 7557 4100 Graeme Dell, Group Finance Director +44 (0)20 7557 4157 Penrose Financial +44(0)20 7786 4888 Gay Collins +44(0)7798 626282 Ashmore@penrose.co.uk This information is provided by RNS The company news service from the London Stock Exchange END TSTILFEALAISLIT