Notice of EGM and AGM

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

8 May 2012

NOTICE OF AN EGM AND AGM TO BE HELD ON 7 JUNE 2012 FROM 10.30AM

Ashmore Global Opportunities Limited (the "Company" or "AGOL") published a circular (the "Circular") on 4 May 2012, containing details regarding:

·; the continuation of the Company; and

·; information regarding proposals to amend the Company's Articles of Incorporation ("Articles");

The Circular includes notices of an Extraordinary General Meeting ("EGM") and an Annual General Meeting ("AGM") of the Company to be held at Trafalgar Court, Les Banques, St Peter Port, Guernsey on 7 June 2012.

THE CONTINUATION OF THE COMPANY 

The Board continues to believe that there are a number of compelling benefits for Shareholders in

VOTING AGAINST the Wind-up Resolution:

·; The Board and Ashmore remain of the view that the fundamentals which underpin the attractions of Emerging Markets investing are strong and that this should lead to incremental investment returns over time;

·; The Board considers it appropriate to provide the underlying portfolio investments with the opportunity to realise their value potential in line with the respective investment time horizons for each investment anticipated at entry;

·; The Board and Ashmore are of the view that a number of investments to which AGOL has direct or indirect exposure are reaching a state of maturity so that near-term exit is actively being pursued. The timing and level of realisations remain dependent on market circumstances and other factors.

·; Given the Investment Manager's view of the embedded value within the Company's portfolio of Special Situations investments, the Board does not believe that winding-up the Company at this time would provide fair value of the Company's underlying investments for Shareholders;

·; Given the continued scarcity of investment capital within Special Situations in Emerging Markets, the Board and the Investment Manager believe that opportunities for the Company in Special Situations remain strong;

·; Due to the liquidity profile and structure of the Company's underlying investments, if the Wind-up Resolution was passed, it is anticipated that it would take a number of years to liquidate the assets of the Company and return cash to Shareholders;

·; It can be observed that, notwithstanding various discount control mechanisms, the current market has witnessed a secular trend of wider price/NAV discounts in sectors with illiquid asset portfolios.

·; The Board and Ashmore believe that the AGOL portfolio is well-positioned and continues to offer an attractive investment opportunity;

·; The Board intends to adhere to its policy of considering a distribution of up to 50% of the growth in NAV in future years.

A copy of the Circular has been posted to all shareholders and is also available on the company website: www.agol.com.

EXPECTED TIMETABLE

All references are to Guernsey time

Note:(1) Or as soon thereafter as the EGM concludes its business or is adjourned (but no later than 11.30 a.m.).

Pursuant to Listing Rule 9.6.1, copies of the following documents have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, via the National Storage Mechanism which is located at: http://www.hemscott.com/nsm.do.

·; Notice of Extraordinary General Meeting and Annual General Meeting for 2012; and

·; Forms of Proxy for the Extraordinary General Meeting and Annual General Meeting for 2012.

The Notice of Extraordinary General Meeting and Annual General Meeting are also available on the Company's website www.agol.com.

In accordance with DTR 6.1.2, a draft of the Articles of Association incorporating the alterations to be proposed at the 2012 Annual General Meeting has also been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility. An electronic version of the Articles of Association marked to show the proposed alterations from the existing Articles of Association, is available on the Company's website www.agol.com.

Enquiries:

Ashmore Investment Management Limited

Robert Hegt

Tel: +44 (0) 203 077 6147

 Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel: +44 (0) 1481 745 368