Ashmore Group Regulatory News (ASHM)

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 shares

if possible using the 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

% of 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 instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

 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:

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. Mazzella

General Counsel

15. Contact telephone number:

+1 (617) 850 - 7500