Investor Presentaiton

Financial results Operating costs . Ashmore +1% -2% 103.7 Non-VC operating costs reduced by 6% (2% at constant currency) Flat average headcount, lower travel and office- related expenses Charitable contribution: 0.5% of profits* paid to Ashmore Foundation and other charities Adjusted operating costs (£m) 105.9 -1% • Variable compensation set at 22.0% vs 19.5% last year Strong investment performance, lower adjusted profits FY2021/22 operating costs will reflect planned return to offices and travel * Profit before tax excluding unrealised seed capital gains VC variable compensation Figures stated on an adjusted basis, excluding FX translation and seed capital-related items; see Appendix 1 FY2019/20 Non-VC costs VC FX FY2020/21 FY2020/21 FY2019/20 £m £m YoY % Fixed staff costs Other operating costs (26.7) (27.6) 3 (19.5) (21.0) Depreciation & amortisation (2.8) (3.4) 18 Operating costs before VC (49.0) (52.0) 60 Variable compensation (22.0%/19.5%) (53.6) (55.0) 3 - adjustment for FX translation (1.1) 1.1 nm Adjusted operating costs (103.7) (105.9) 2 33

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