. RNS Number : 3683G Ashmore Group PLC 21 October 2008 Ashmore Group plc Notification of Transactions by Directors/Persons Discharging Managerial Responsibility and Connected Persons Ashmore Group plc (the "Company") has been notified in accordance with DTR 3.1.2R on 20 October 2008 by Graeme Dell, a person discharging managerial responsibility within the Company for the purposes of section 96B(1) of the Financial Services and Markets Act 2000, of the following transactions relating to his holding of Ordinary Shares of 0.01 pence each in the Company: 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R (1), or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). DTR 3.1.2(R) ASHMORE GROUP PLC 3. Name of person discharging managerial responsibilities/director 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person GRAEME JOHN DELL NO 5. Indicate whether the notification is in respect of a holding of 6. Description of shares (including class), debentures or the person referred to in 3 or 4 above or in respect of a non derivatives or financial instruments relating to shares -beneficial interest IN RESPECT OF A HOLDING OF GRAEME JOHN DELL ORDINARY SHARES OF 0.01P 7. Name of registered shareholder(s) and, if more than one, the 8. State the nature of the transaction number of shares held by each of them CAREY PENSIONS AND BENEFITS LTD ACQUISITION OF SHARES UNDER THE ASHMORE EXECUTIVE OMNIBUS INCENTIVE PLAN IN LINE WITH DISCLOSURES MADE IN REMUNERATION REPORT IN 2008 ACCOUNTS. 9. Number of shares, debentures or financial instruments relating 10. Percentage of issued class acquired (treasury shares of that to shares acquired 740,284 class should not be taken into account when calculating percentage) 0.10% 11. Number of shares, debentures or financial instruments relating 12. Percentage of issued class disposed (treasury shares of that to shares disposed class should not be taken into account when calculating percentage) N/A N/A 13. Price per share or value of transaction 14. Date and place of transaction 17 OCTOBER 2008, ACQUSITION OF SHARES PURSUANT TO ASHMORE 162.10 PENCE OMNIBUS INCENTIVE PLAN 15. Total holding following notification and total percentage 16. Date issuer informed of transaction holding following notification (any treasury shares should not be taken into account when calculating percentage) 1,012,764 20OCTOBER 2008 0.14% If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes 17. Date of grant 18. Period during which or date on which exercisable N/A N/A 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) N/A N/A 21. Exercise price (if fixed at time of grant) or indication 22. Total number of shares or debentures over which options that price is to be fixed at the time of exercise held following notification N/A N/A 23. Any additional information 24. Name of contact and telephone number for queries MICHAEL PERMAN, COMPANY SECRETARY 020 30776190 N/A Name of authorised official of issuer responsible for making notification MICHAEL PERMAN Date of notification21OCTOBER 2008 This information is provided by RNS The company news service from the London Stock Exchange END RDSFELFLFSASELS