TIDMASHM

RNS Number : 4616F

Ashmore Group PLC

21 March 2022

Ashmore Group plc

21 March 2022

DIRECTORATE CHANGE

Ashmore Group plc ("Ashmore" / the "Company") today announces that after more than seven years' service on the Board of Directors (the "Board") of Ashmore, including over three years as Chair, David Bennett will be stepping down both as a Non-Executive Director and Chair of the Company on 20 April 2022. The Board would like to take this opportunity to thank David for his significant contribution during his tenure.

After due consideration, the Nominations Committee has concluded that Clive Adamson, who has served as a Non-Executive Director since 2015 and is currently the Senior Independent Director, will succeed David as Chair of the Company and Chair of its Nominations Committee, in addition to continuing as Chair of the Audit and Risk Committee, from 21 April 2022.

The appointment of Clive as Chair of the Nominations Committee is subject to regulatory approval from the Financial Conduct Authority. Ashmore is in the process of identifying a successor to assume the role of Chair of the Audit and Risk Committee in order to ensure compliance with the UK Corporate Governance Code .

As a consequence of these changes, the structure of the Board Committees with effect from 21 April 2022 will be as follows:

 
     Audit and Risk          Remuneration           Nominations 
 Clive Adamson (Interim   Helen Beck (Chair)   Clive Adamson (Chair) 
         Chair) 
                         -------------------  ---------------------- 
       Helen Beck           Clive Adamson           Helen Beck 
                         -------------------  ---------------------- 
    Jennifer Bingham       Jennifer Bingham      Jennifer Bingham 
                         -------------------  ----------------------

Ashmore also announces that Jennifer Bingham will assume the role of Senior Independent Director from 21 April 2022 and Clive will step down from this role with effect from the same date.

Ashmore's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12.

For further information please contact:

Ashmore Group plc

Paul Measday

   Investor Relations                 +44 (0)20 3077 6278

FTI Consulting

   Neil Doyle                             +44 (0) 7771 978 220 
   Kit Dunford                           +44 (0) 7717 417 038

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END

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March 21, 2022 12:30 ET (16:30 GMT)

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