Ashmore Regulatory News (ASHM)

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications 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:

Artemis Investment Management LLP on behalf of discretionary funds under management

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

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

30 OCTOBER 2014

6. Date on which issuer notified:

31 OCTOBER 2014

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

5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

GBOOBI32NW22

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

35,245,360

Number of voting rights

35,245,360

Number of shares

33,187,206

Number of voting rights

Percentage of voting rights

Direct

33,187,206

Indirect

2,408,154

Direct

4.69%

Indirect

0.34%

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

35,595,360

5.03%

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 proxy holder:

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

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

13. Additional information:

14 Contact name:

Richard Smithson

15. Contact telephone name:

0207 399 6063