Trading Statement

Ashmore Group PLC
11 January 2007

Ashmore Group plc

0700 11 January 2007

TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT

Ashmore Group plc ('the 'Group'), a leading specialist emerging markets asset
manager, announces today the following trading update and assets under
management ('AuM') statement in respect of the six month period ending 31
December 2006.

Assets under Management
                                     Actual             Estimated
Theme                                   AuM                   AuM                      Movement
                               30 June 2006           31 Dec 2006
                                    (US$bn)               (US$bn)                           (%)
                                                                                            
US Dollar                              15.2                  18.3                            20
Local Currency                          3.0                   3.8                            27
Special Situations                      1.3                   2.9                           123
Equity                                  0.6                   1.8                           200
Total                                  20.1                  26.8                            33


Trading conditions in the six months to 31 December 2006 remained satisfactory
with global liquidity and strong fundamentals in emerging markets continuing to
be positive for the Group's investment themes. The Group has continued to
attract net subscriptions across all of its investment themes and the Group's
track record of delivering investment out-performance has been sustained.

Net subscriptions during this period totalled US$4.2bn, including, as previously
announced, the US$1.3bn raised in August through the launch of Ashmore Global
Special Situations Fund 3 L.P. Approximately 18 per cent. of the net
subscriptions represent inflows generated through investments into the Group's
Multi Strategy Fund, which invests across the Group's investment themes.

Although the Group continues to deliver strong investment performance, as
anticipated at the time of the Group's IPO in October 2006, crystallised
performance fees during the financial year to 30 June 2007 are expected to be
substantially lower than those crystallised in the prior year. The Group
estimates that crystallised performance fees in the six months to 31 December
2006 were £8m.

The Group remains focused on delivering long term investment outperformance and
generating net management fee income through the attraction of net subscriptions
across all of its investment themes. Trading conditions across the Group's
investment themes continue to be in line with management expectations and the
Directors remain confident of the Group's prospects for the current financial
year.

Mark Coombs, CEO and Jim Pettigrew, COO/CFO will be hosting a conference call at
3.15pm London time today for investors and analysts. Dial in details are
available upon request from Penrose Financial on the number at the end of this
statement.

Ashmore will announce its interim results and maiden interim dividend in respect
of the financial year to 30 June 2007 at 0700 hours on 27 February 2007. There
will be a presentation for analysts and investors at 9:30am on that date at the
offices of UBS at 1 Finsbury Avenue, London EC2M 2PP. A copy of the presentation
will be made available on the Company's website.

For further information, please contact:

Ashmore Group plc                  [phone]
Jim Pettigrew

Penrose Financial                  [phone]
Gay Collins                        [phone]        [e-mail]
Will Bowen                         [phone]        [e-mail]


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