Major interests in shares

Ashmore Group PLC
27 February 2007



TR-1: NOTIFICATION 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: (    )


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: (  X  )


Other (please specify) : (    )



3. Full name of person(s) subject to the notification obligation:

    Fidelity International Limited (FIL)


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

SEE ATTACHED SCHEDULE



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

Revised due to DTR rules



6. Date on which issuer notified:

26 February 2007



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

N/A



8. Notified details


A: Voting rights attached to shares

Class/type of shares                  Situation previous to the    Resulting situation after the 
if possible using the ISIN CODE       Triggering transaction       triggering transaction
                                      Number of  Number of         Number of   Number of            % of Voting rights
                                      Shares     Voting Rights     Shares      Voting Rights
                                                                   Direct      Direct    Indirect   Direct     Indirect
ISIN GB00B132NW22                     3,464,568  3,464,568                               3,464,568             0.49%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial   Expiration   Exercise/        Number of Voting             % of Voting Rights
instrument          Date         Conversion       Rights that may be 
                                 Period/ Date     acquired if the 
                                                  instrument is exercised/ 
                                                  converted.


Total (A+B)
Number of Voting Rights                                      % of Voting Rights

3,464,568                                                    0.49%


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

See attached schedule



Proxy Voting:



10. Name of the proxy holder:

Fidelity International Limited (FIL)



11. Number of voting rights proxy holder will cease to hold:

N/A



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

N/A



13. Additional information:



As discussed with the FSA, prior to the implementation of the EU transparency
directive, we aggregated the interests in shares of FMR Corp (FMR) and Fidelity
International limited (FIL) together for the purposes of shareholder reporting.



According to the new DTR rules we are now reporting the indirect holdings of FMR
and FIL separately.



A separate notification is being submitted for FMR. Please note these holdings
are correct as of close of business 22 February 2007.





14. Contact name:

Teresa Garry



15. Contact telephone number:

01737 837092


Annex to Notification of Major Interests in Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal          Fidelity International Limited (FIL)
entities):
Contact address (registered office for legal       Pembroke Hall, 42 Crow Lane, Pembroke HM19 Bermuda
entities):
Phone number:                                      01737 837092
Other useful information (at least legal           Company Secretary
representative for legal persons):



B: Identity of the notifier, if applicable
Full name:                                         Fidelity Investments International
Contact address:                                   Windmill Court XTW2B, Millfield Lane, Lower
                                                   Kingswood, Tadworth, Surrey KT20 6RB
Phone number:                                      01737 837092
Other useful information (e.g. functional          Authorised to make this filing under power of
relationship with the person or legal entity       attorney
subject to the notification obligation):




C: Additional information:



As discussed with the FSA, prior to the implementation of the EU Transparency
Directive, we aggregated the interests in shares of FMR Corp (FMR) and Fidelity
International Limited (FIL) together for the purposes of shareholder reporting.

According to the new DTR rules we are now reporting the indirect holdings of FMR
and FIL separately. A separate notification is being submitted for FMR Corp.
Please note these holdings are correct as of close of business 22 February 2007.


FIL

Issuer name:                                     ASHMORE GROUP PLC
Current ownership percentage:                    0.49%
Total Shares Held                                3,464,568
Issued share capital:                            708,925,000


Fidelity International Limited (FIL) is                 SHARES   NOMINEE              MANAGEMENT
the parent holding company for various                    HELD                        COMPANY
direct and indirect subsidiaries, including 
Fidelity Fund Management Limited (FFML),               111,350   TRUST & CUST         FIJ
Fidelity Investment Services Ltd (FISL),                         SVCS BK LTD, TOKO
Fidelity Gestion (FIGEST), Fidelity Investments                  
Advisory (Korea) Limited (FIAKL), Fidelity              65,400   STATE STREET         FIA(K)L
Investments Management (Hong Kong) Limited                       HONG KONG
(FIMHK), Fidelity Pension Management (FPM),                      
Fidelity Investments Japan (FIJ) and Fidelity           929,800  STATE STR BK         FPM
Investments International (FII), investment                      AND TR CO LNDN (S
managers for various non-US investment companies                 
and institutional clients.                              112,600  STATE STR BK         FIL
                                                                 AND TR CO LNDN (S
                                                                                                                        
                                                      1,773,900  NORTHERN TRUST       FPM                               
                                                                 LONDON
                                                                                                                        
                                                        412,000  NORTHERN TRUST       FIL
                                                                 LONDON
                                                                                                                        
                                                         59,518  JP MORGAN,           FISL
                                                                 BOURNEMOUTH









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