Investor Presentaiton

Strategy phase 3: Mobilise Emerging Markets capital Investable capital pools in Emerging Markets are growing 2x faster than in Developed Markets Ashmore's network of local offices participate in this growth trend Strong organic growth opportunity in each market and further diversification possible Potential to expand network over time Ashmore Indonesia (AuM +51% YoY) Investment in digital distribution partner (BIB) Broader fund range including new fixed income and ESG mandates Ashmore Saudi Arabia (AuM +55% YoY) Strong growth including new institutional equity mandates Ashmore India (AuM +72% YoY) Strong market performance Ashmore Colombia (AuM flat YoY) Marketing PE and real estate funds Ashmore will continue to develop its network of local businesses, and target larger EM institutions, to increase proportion of AuM from EM-domiciled clients from 26% today Established network of six local offices Latin America USD 1.3bn Middle East USD 1.5bn Ashmore Asia USD 4.4bn Global asset management platform Local asset management presence Distribution office Local platforms: contribution to Group FY2020/21 Group Local vs Group AuM (USD bn) 94.4 7.2 8% Average net management fee margin (bps) 41 70 +71% Employees* 298 101 34% Adjusted EBITDA 195.7 ~£13m 7% Adjusted EBITDA margin 66% 49% -26% * Excludes Ashmore Avenida site-based employees AuM growth rates refer to FY2020/21 7

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