Trading Statement

Ashmore Group PLC
15 January 2008

Ashmore Group plc

+0700 15 January 2008

TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT

Ashmore Group plc ('Ashmore', 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 period ended 31 December
2007.

In the period, Ashmore delivered growth in AuM of US$ 3.7 billion, demonstrating
the Group's continued ability to attract investors as a specialist asset manager
with a track record of delivering sustained investment outperformance.

                              Actual                     Estimated
Theme                         AuM                        AuM                          Movement
                              30 September 2007          31 December 2007
                              (US$billion)               (US$billion)                 (%)
Dollar Debt                                      21.9                       23.4                        7%
Local Currency                                    5.7                        6.4                       12%
Special situations                                3.6                        5.1                       42%
Equity                                            1.9                        1.9                         -
Total                                            33.1                       36.8                       11%

The Group continues to experience a good level of demand for its products,
attracting net subscriptions of US$ 2.8 billion in the three month period ended
31 December 2007. This includes raising US$ 1.0 billion through the launch of
Ashmore Global Special Situations Fund 4 L.P. and EUR 0.5 billion from the
successful listing of Ashmore Global Opportunities Limited on the London Stock
Exchange. In addition, the Group launched a new fund within a new investment
theme, the Ashmore Emerging Markets Corporate High Yield Fund. Investment
performance in the period was US$ 0.9 billion.

During the six months ended 31 December 2007, performance fees are estimated to
be £32 million, generated across the Group's investment themes.

The Group's strategy remains consistent; deliver long term investment
outperformance; 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 as we enter the third quarter of the 2008 financial year are
in line with management expectations, supported by the long term growth trends
demonstrated by emerging market asset classes, and the Group remains confident
of its prospects for the current year.

Ashmore will announce its interim results in respect of the six months ended 31
December 2007 at 0700 hours on 26 February 2008.

For further information, please contact:

Ashmore Group plc                                         [phone]
Graeme Dell, Group Finance Director                       [phone]

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





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