Pricing

Ashmore Group PLC
12 September 2007



Not for release, publication or distribution in or into the United States,
Canada, Japan, France, New Zealand or the Republic of Ireland



ASHMORE GROUP PLC ('Ashmore')

Pricing of Placing


Ashmore announces the pricing of a placing of 24,063,750 ordinary shares of
0.01p in Ashmore (the 'Placing') by certain Ashmore employees and their related
interests. The Placing represents 3.4% of the outstanding issued share capital
of Ashmore. Goldman Sachs International ('Goldman Sachs') and UBS Limited
('UBS') acted as joint global co-ordinators and bookrunners.


The Placing was priced at 240p per Ashmore ordinary share.

Members of the public are not eligible to take part in the Placing. In the
United Kingdom, this announcement, in so far as it constitutes an invitation or
inducement to participate in the Placing, is directed exclusively at  persons
whose ordinary activities involve them in acquiring, holding managing, and
disposing of investments (as principal or agent) for the purposes of their
business and who have professional experience in matters relating to investments
and who are qualified investors as defined in section 86(7) of the Financial
Services and Markets Act 2000 ('FSMA') or are persons falling within Article 19
(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005,
as amended (the 'Order') or  persons falling within Article 49(2)(a) to (d) '
High net worth companies, unincorporated associations, etc') of the order (all
such persons being referred to as 'Relevant Persons'). This announcement, in so
far as it constitutes an invitation or inducement to participate in the Placing,
must not be acted on or relied on by persons who are not Relevant Persons. Any
investment or investment activity to which this announcements relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. As regards all persons other than Relevant Persons, the details of the
Placing set out in this announcement are for information purposes only.

Goldman Sachs and UBS do not accept any responsibility whatsoever for the
contents of this announcement or for any statement made or purported to be made
by either of them or on their behalf in connection with the Placing.  Each of
Goldman Sachs and UBS accordingly disclaims all and any liability whether
arising in tort, contract or otherwise which either of them might otherwise have
in respect of this announcement or any such statement.  Goldman Sachs and UBS
are acting as joint global co-ordinators and bookrunners to Ashmore in relation
to for the Placing and no-one else and will not be responsible to anyone other
than Ashmore for providing the protections offered to clients of Goldman Sachs
and UBS or for providing advice in relation to the Placing or the contents of
this announcement.

This announcement does not constitute an offer for sale of the Ashmore Shares in
the United States, and the Ashmore Shares may not be sold in the United States
absent registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended (the 'Securities Act'). The Ashmore Shares being sold in
the Placing have not and will not be registered under the Securities Act or
under the laws of any state of the United States.

This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia, Japan, France, New Zealand or the Republic of
Ireland. This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire Ashmore Shares in Canada, Australia,
Japan, France, New Zealand or the Republic of Ireland or any jurisdiction in
which such an offer or solicitation is unlawful.




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