Underlying Fund Performance

ASHMORE GLOBAL OPPORTUNITIES LIMITED (the "Company")

A Guernsey incorporated and registered limited liability closed-ended investment company

UNDERLYING FUND PERFORMANCE

7 October 2011

Following movement in the Net Asset Value per share of the Asian Recovery Fund, one of the underlying Ashmore Funds ("Funds") in which the Company is invested, set out below, the Net Asset Value of the Company may be negatively impacted.

As at 31 August 2011, the Asian Recovery Fund represented approximately 21% of AGOL's NAV. Since this date a number of factors, including the performance of the underlying funds in which AGOL is invested and potentially the reallocation of AGOL's NAV by fund, may have caused this percentage to change.

The Company expects to announce its Net Asset Value as at 30 September 2011 on or around 14 October 2011.

Net Asset Value data is calculated by Northern Trust International Fund Administration Services (Guernsey) Limited and are based on unaudited valuations.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns and the value of investments may fluctuate. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions. Results achieved in the past are no guarantee of future results.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited Company Secretary

Tel: 01481 745368

Date: Friday 7 October 2011