Announcement of Placing Price

Ashmore Group PLC
12 October 2006



These written materials are not for distribution (directly or indirectly) in or
to the United States, Canada, Australia or Japan.  They are not an offer of
securities for sale in or into the United States, Canada, Australia or Japan.



The Shares of the Company are not being registered under the US Securities Act
of 1933, as amended (the 'Securities Act') and may not be offered or sold in the
United States unless registered under the Securities Act or pursuant to an
exemption from such registration.  No money, securities or other consideration
is being solicited and, if sent in response to the information contained herein,
will not be accepted.



12th October 2006



                               Ashmore Group plc
                          ('Ashmore' or the 'Company')


                         Announcement of Placing Price
                        of 170 pence per ordinary share



Ashmore, the specialist emerging markets asset management company, today
announces the successful pricing of its initial public offering of ordinary
shares (the 'IPO').


• The placing price has been set at 170 pence per ordinary share (the 'Placing
  Price').

• Based upon the Placing Price, the market capitalisation of Ashmore at the
  commencement of conditional dealings will be approximately £1,205m.

• The IPO consists of 177.3m Ashmore ordinary shares (prior to the utilisation
  of the over-allotment option), in total representing 25% of the 708.9m Ashmore
  ordinary shares in issue and implies an offer value of approximately £301m.

• As stabilising manager, UBS Limited ('UBS') has been granted an
  over-allotment option of up to 17.7m ordinary shares, representing 10% of the
  ordinary shares in the IPO exercisable for a period of 30 days from today.

• Conditional dealings are expected to commence on the London Stock Exchange
  at 8:00am today (12 October) under the ticker symbol ASHM. Admission to the
  Official List of the Financial Services Authority and commencement of
  unconditional dealings on the main market for listed securities of the London
  Stock Exchange plc (together, 'Admission') is expected to take place at 8:00am
  on 17 October 2006.

• Directors, employees and their related interests will continue to hold
  approximately 75% of the Company's ordinary shares following the Placing 
  (prior to the utilisation of the over-allotment option).  The Company, 
  employees and existing shareholders are subject to lock-ups of various periods 
  following   Admission.


Goldman Sachs International ('Goldman Sachs') and UBS are acting as joint global
co-ordinators, joint bookrunners and joint sponsors to Ashmore in relation to
the IPO.


Mark Coombs, Chief Executive, commented:


'The IPO demonstrates investors' confidence in our business and represents the
logical next step in the development of Ashmore.  The business is
well-positioned to deliver further growth.  We are all looking forward to
finding more investment themes and diversified sources of returns for investors
in our funds, and working for all shareholders to take the business to the next
stage.'



For further information, please contact:

Penrose Financial
Gay Collins                        [phone]/07798 626282
Ben Curson                         [phone]


Ashmore Group plc
Jim Pettigrew                      [phone]


Goldman Sachs International        [phone]
Joshua Critchley (ECM)
Andrea Ponti
Jonathan Sorrell


UBS Investment Bank                [phone]
Adrian Lewis (ECM)
John Humphrey
Tom Shippey



IMPORTANT INFORMATION


This announcement has been issued by Ashmore Group plc ('Ashmore') of 20
Bedfordbury, London WC2N 4BL and is the sole responsibility of Ashmore and has
been approved solely for the purposes of Section 21 of the Financial Services
and Markets Act 2000 by UBS Limited ('UBS' or 'UBS Investment Bank') of 1
Finsbury Avenue, London EC2M 2PP and Goldman Sachs International ('Goldman 
Sachs') of Peterborough Court, 133 Fleet Street, London EC4A 2BB.  Goldman Sachs
and UBS are each acting exclusively for Ashmore and no-one else in connection
with the IPO and will not be responsible to anyone other than Ashmore for
providing the protections afforded to respective clients of Goldman Sachs and
UBS or for providing advice in connection with the IPO.

This announcement constitutes an advertisement within the meaning of the
Prospectus Rules of the Financial Services Authority (the 'FSA') and is not a
prospectus.  The announcement does not constitute or form part of any offer of
securities, or constitute a solicitation of any offer to purchase or subscribe
for securities.  Investors should not subscribe for shares in Ashmore except on
the basis of information to be contained in a prospectus which it is intended
will be approved by the FSA in accordance with the Prospectus Rules made under
section 73A of the Financial Services and Markets Act 2000, in connection with
the IPO, and any supplement to that Prospectus.  The prospectus will contain
certain detailed information about Ashmore and its management, as well as
financial statements and other financial data.  Copies of the prospectus will be
available after its approval by the FSA and publication, from the offices of
Ashmore at 20 Bedfordbury, London WC2N 4BL.

No representation or warranty, express or implied, is made or given by or on
behalf of Ashmore, Goldman Sachs or UBS or any of their respective affiliates or
any of such person's directors, officers or employees or any other person as to
the accuracy, completeness or fairness of the information or opinions contained
in this announcement and no responsibility or liability is accepted for any such
information or opinions.

Certain statements in this announcement may be 'forward-looking statements'.
The forward-looking statements can be identified by use of forward-looking
terminology, including the terms 'believes', 'estimates', anticipates',
'projects', 'expects', 'intends', 'may', 'will', 'seeks' or 'should' or, in each
case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, aims, objectives, goals, future events or
intentions.  Subject to any obligations under the listing rules of the UK
Listing Authority following the IPO, Ashmore undertakes no obligation to update
publicly or revise forward-looking statements, except as required by law.  Such
statements are based on current expectations and are subject to a number of
risks and uncertainties that could cause actual results or events to differ
materially from those expressed or implied by the forward-looking statements.

This announcement does not constitute a recommendation concerning the IPO.  The
value of shares can go down as well as up.  Past performance is not a guide to
future performance.  Potential investors should consult a professional adviser
as to the suitability of any offering for the individual concerned.



FSA/Stabilisation


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