Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Ashmore Group plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

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: iii

Highfields Capital Management LP

4. Full name of 

 shareholder(s)  (if different from 3.):iv

16BHighfields Capital I LP, Highfields Capital II LP, Highfields Capital III L.P., Credit Suisse Securities (USA) LLC and J.P. Morgan Clearing Corp.

5. Date of the transaction and date on which the threshold is crossed or reached: v

March 14, 2011

6. Date on which issuer notified:

March 15, 2011

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

Increase over three per cent (3%)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B132NW22

5,734,243

5,734,243

5,734,243

0.81%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Contracts for Differences

July 6, 2011 -October 11, 2012

16,441,581

Nominal

Delta

2.34%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

22,175,824

3.15%

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

71BHighfields 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:

11. Number of voting rights proxy holder will ceaseto hold:

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

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