Ashmore Group Regulatory News (ASHM)

12 May 2008 08:40

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 the notification 

(please place an X inside the appropriate bracket/s):

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:

1. Lone Pine Capital LLC

2. Stephen F Mandel Jr

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

Morgan Stanley & Co

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

28th April 2008

6. Date on which issuer notified:

30th April 2008

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

3 per cent

8. Notified Details:

A: Voting rights attached to shares

B: Financial Instruments

Resulting situation after the triggering transaction

Total (A+B)

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

Lone Pine Capital LLC is the investment manager to several funds which indirectly hold shares in the issuer. Stephen.F Mandel Jr. is the Managing Member of Lone Pine Capital LLC and in such capacity is able to direct it's operations

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:

Jeffrey Wechsenblatt

Lone Pine Capital LLC

Two Greenwich PlazaGreenwichConecticut 06830USA

15. Contact telephone number:

+1 203 618 7826

For notes on how to complete form TR-1 please see the FSA website.