Ashmore Energy International Completes Refinancing of USD 1.0 Billion Senior Debt and Raises USD 500 Million Revolving Credit Facility

Ashmore Energy International ("AEI") announced today that it
completed the refinancing of its senior debt. The new facilities
consist of a USD 1 billion 7-year term loan and a 5-year USD 500
million revolving credit facility. The new facilities refinance AEI's
USD 1.0 billion senior and bridge loans, improve duration and provide
the company with cost effective liquidity for growth projects and
general corporate purposes. The facilities were rated Ba3 / B+ / BB by
Moody's Investor Service, Standard & Poor's and Fitch Ratings,
respectively. The new facilities were fully underwritten by Credit
Suisse and JP Morgan.

"I am pleased with the success of this transaction and the
flexibility this brings to the AEI capital structure. Accessing the
debt capital markets for these two new facilities is a significant
milestone as we have demonstrated our ability to strengthen and
diversify our debt composition," John Fulton, Chief Financial Officer
of AEI commented on the success of the transaction.

AEI owns and operates essential energy infrastructure in emerging
markets. AEI manages interests in a group of 19 energy assets (27
assets including Promigas' subsidiaries) with operations in 14
countries and more than USD 2.5 billion in revenues and 9,800
employees. The Company serves approximately 8 million customers
worldwide by operating through three business segments: Natural Gas
Distribution, Transportation and Services; Power Distribution; and
Power Generation with approximately 37,000 km of gas and liquids
pipelines, 120,000 km of power transmission and distribution lines,
and a gross installed capacity of 1,675 MW. You can visit the AEI
website at www.ashmoreenergy.com.