Ashmore Group Regulatory News (ASHM)

TR-1: Notification of Major Interests 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 notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

FMR LLC

4. Full name of shareholder(s) (if different from 3):

Brown Brothers Harriman & Co

Citibank NA

JP Morgan Chase Bank

Mellon Bank NA

5. Date of transaction (and date on which the threshold is crossed or reached if different):

23 October  2008

6. Date on which issuer notified:

27 October  2008

7. Threshold(s) that is/are crossed or reached:

5 per cent

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B132NW22

35,436,597

35,436,597

34,411,630

34,411,630

4.86

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

34,411,630

4.86

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

FMR LLC is the holding company of Fidelity Management and Research Company (FMRCO) investment manager for US mutual funds, and FIL Management Trust Company (FMTC) and Pyramia Global Advisors Trust Company (PGATC) a US state chartered bank which acts as a trustee or investment manager of various pension and trust accounts, and Pyramia Global Advisors LLC ( PGALLC)

Proxy Voting:

10. Name of proxy holder:

FMR LLC

11. Number of voting rights proxy holder will cease to hold:

1,024,967

12. Date on which proxy holder will cease to hold :

23 October 2008

13. Additional information:

none

14 Contact name:

Davis Merryweather

15. Contact telephone name:

01737 837149