Notification of Major Interests in Shares

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 notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

Other (please specify):

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

Lone Pine Capital LLC

Stephen F. Mandel Jr.

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

Morgan Stanley & Co.

5. Date of transaction (and date on which the threshold is

crossed or reached if different):

14 July 2009

6. Date on which issuer notified:

16 July 2009

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

Under 6%

8. Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B132NW22

42,338,995

42,338,995

41,883,245

41,883,245

5.95%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

41,883,245

5.95%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable:

Lone Pine Capital LLC is the investment manager to several funds which indirectly hold shares in the issuer. Stephen F. Mandel Jr. is the Managing Member of Lone Pine Capital LLC and in such capacity is able to direct its operations. 

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy

holder will cease to hold:

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

13. Additional information:

14. Contact name:

Jeffrey Wechselblatt

Lone Pine Capital LLC

Two Greenwich Plaza

Greenwich, Connecticut 06830

USA

15. Contact telephone name:

+1 203 618 7826