Ashmore Group plc announced 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. Ashmore also announced 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.