Ashmore Emerging Markets Strategy Phase 3

Ashmore 'at a glance' • • A specialist Emerging Markets manager with USD 87.3 bn AuM (31 Dec 2021) diversified across asset classes Active investment management delivered by committee-based Ashmore AuM: diversified by investment theme & client type Equities 9% Alternatives 2% External debt 21% • • . investment processes with nearly 30 years' experience Three-phase strategy to capitalise on structural growth and convergence trends across Emerging Markets Remuneration philosophy aligns interests, provides cost flexibility and delivers employee loyalty (~40% equity owned by employees) 313 employees in 11 countries, with global operating hubs complemented by asset management operations in emerging countries Blended debt 24% Corporate debt 11% Local currency 33% 6% Intermediary Foundations/ retail endowments 1% Funds / sub- advisers Central banks 13% 6% . High operating margin (67%) supported by scalable operating platform Well-capitalised, liquid balance sheet with >£800m financial resources including c.£450m cash Corporates / financial institutions 22% Pension plans 26% Sovereign wealth funds 21% Governments 5% AuM data as at 31 December 2021; local currency includes USD 11.0bn overlay/liquidity AuM 3

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