Quarterly AuM Statement

Ashmore Group PLC
16 October 2007


Ashmore Group plc

0700 16 October 2007


FIRST QUARTER INTERIM MANAGEMENT STATEMENT

Ashmore Group plc (the 'Group', the 'Company') today issues the following
interim management statement in respect of the three month period to 30
September 2007.

Assets under Management ('AuM')
                                                 AuM                    AuM                  Movement
                                             30 June 2007           30 Sept 2007
                                                 (US$bn)                (US$bn)                  (%)
Global US$                                          21.2                   21.9                      4
Local Currency                                       5.0                    5.7                     14
Special Situations                                   3.4                    3.6                      7
Equity                                               2.0                    1.9                    (8)
Total                                               31.6                   33.1                      5


Over a period in which global financial markets experienced a high level of
volatility and conditions in global credit markets in particular were
challenging, the Group delivered net subscriptions of US$0.1bn and satisfactory
levels of investment performance. Despite recent market conditions, investor
appetite for emerging markets investments remains positive and the Group
continues to benefit from a shift in investor preference towards specialist
managers with track records of delivering sustained investment out-performance.

The Group's strategy remains consistent; deliver long term investment
out-performance; generate and diversify net management fee income through the
attraction of net subscriptions across investment themes; and develop the
Ashmore brand and business model. Trading conditions into the second quarter of
the 2008 financial year are in line with management expectations and the Group
remains confident that its prospects for the current financial year are
supported by the long-term growth trends demonstrated by emerging market asset
classes.

The Group will announce a trading update and AuM statement for the six month
period to 31 December 2007 at 0700 on 15 January 2008 and its results in respect
of this period at 0700 on 26 February 2008.

For further information, please contact:

Ashmore Group plc                              [phone]
Jim Pettigrew                                  [phone]
Tom Shippey                                    [phone]

Penrose Financial                              [phone]
Gay Collins                                    [phone]


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