. For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20100526:nRSZ5987Ma RNS Number : 5987M Ashmore Group PLC 26 May 2010 TR-1: NOTIFICATION OF MAJOR INTEREST 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 tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments X An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: Highfields Capital Management LP 4. Full name of shareholder(s) (if different from 3.): Highfields Capital I LP, Highfields Capital II LP, Highfields Capital III LP., Credit Suisse Securities (USA) LLC and JP Morgan Clearing Corp. 5. Date of the transaction and date on which the threshold is crossed or reached: 25 May 2010 6. Date on which issuer notified: 26 May 2010 7. Threshold(s) that is/are crossed or reached: Increase over three per cent (3%) 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering if possible using transaction the ISIN CODE Number Number Number Number of voting % of voting rights of of of shares rights Shares Voting Rights Direct Direct Indirect Direct Indirect GG00B132NW22 6,638,286 6,638,286 6,638,286 0.94% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion rights that may be rights Period acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights instrument price date Conversion rights instrument period refers to Contracts for Differences 9th September 2010 - 30th August 2013 15,037,164 Nominal Delta 2.14% Total (A+B+C) Number of voting rights Percentage of voting rights 21,675,450 3.08% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Highfields Capital Management LP is the management company to each of Highfields Capital I LP, Highfields Capital II LP and Highfields Capital III L.P. (the "Funds"). The shares disclosed in Section 8.A above are held in the name of Credit Suisse Securities (USA) LLC and J.P. Morgan Clearing Corp. and the instruments disclosed in Section 8.C above are held in the name of the Funds. Highfields Capital Management LP is the management company to each of Highfields Capital I LP, Highfields Capital II LP and Highfields Capital III L.P. (the "Funds"). The shares disclosed in Section 8.A above are held in the name of Credit Suisse Securities (USA) LLC and J.P. Morgan Clearing Corp. and the instruments disclosed in Section 8.C above are held in the name of the Funds. Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: Total votes used for the purposes of the above notification 703,556,669 14. Contact name: Joseph F. MazzellaGeneral Counsel 15. Contact telephone number: +1 (617) 850 - 7500 This information is provided by RNS The company news service from the London Stock Exchange