Conversion of Securities

Ashmore Global Opportunities Limited ("AGOL" or the "Company")

Completion of 31 October 2012 Share Conversion

21 November 2012

Following the publication on 19 November 2012 of the final month-end net asset values for 31 October 2012, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 October 2012 share conversion date:

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

- 78,973 new US Dollar shares of no par value

and the following shares will be cancelled:

- 50,000 Sterling shares of no par value

all with effect from 21 November 2012

Application has been made to the Financial Services Authority ("FSA") for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities.

Admission is expected to occur on or around 27 November 2012. Shareholder accounts for converting shareholders are expected to be updated by 5.00pm on 27 November 2012.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

- 23,834,219 US Dollar Shares

- 2,385,107 US Dollar Treasury Shares

- 23,052,010 Sterling Shares; and

- 1,063,503 Sterling Treasury Shares

Number of votes each Share shall be entitled to on a poll at any general meeting of the Company (applying the Weighted Voting Calculation as described in the Prospectus published by the Company on 6 November 2007 (the 'Prospectus')):

US Dollar Shares: 1.0000

Sterling Shares: 2.0288

The above figures may be used by shareholders as the denominator for the calculations, by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

www.agol.com

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited