Proposed New Investment Objectives

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPANOR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

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

a Guernsey incorporated and registered limited liability closed-ended investment company with a Premium Listing of its US Dollar and Sterling share classes on the Official List.

Proposed New Investment Objective

12 December 2012

The Board of Ashmore Global Opportunities Limited (the "Company") announces that, following its review, in conjunction with its independent financial and legal advisers, of options to address the structural issue of the discount to net asset value at which the shares trade, it has determined to:

(a) put proposals to shareholders to amend the investment strategy to make no new special situations investments (any new investments will be shorter term in nature), to realise the company's assets for cash over the next few years and over time to return all cash realised from the investment portfolio to shareholders (the "Managed Wind Down"); and

(b) consult with shareholders on the structure of the Managed Wind Down. Structural options being considered include a restructuring of the Company's capital base and/or a disposal of all or part of the Company's portfolio and an accelerated return of capital.

The Board believes that the revised investment strategy by which the value realised from the investment portfolio will over a period of years be returned to shareholders will best serve over time to eliminate the discount to net asset value.

The Board intends to make a further announcement of the details proposed in due course following the consultation with shareholders.

EnquiresWilliam Simmonds

J.P. Morgan Cazenove

Tel: 020 774 24000