'Ba3' Rating Assigned to Ashmore Energy International (AEI)'s Proposed US$1.5 Billion Senior Credit Facilities and 'B1' Corporate Rating Assigned to AEI by Moody's.

NEW YORK -- AEI announced today that Moody's Investors Service has assigned a Ba3 rating to the company's proposed senior secured credit facilities including a US$500 million revolving credit facility and a US$1.0 billion term loan. Moody's also assigned a B1 corporate family rating ("CFR") to the company. The rating outlook for AEI is stable.

According to the analysis performed by Moody's, the stable and predictable cash flow expected to be provided by most of AEI's companies and the supportive regulatory frameworks and contractual arrangements governing these companies, coupled with AEI's moderately leveraged financial profile, were key factors supporting the ratings.

The US$1.0 billion seven-year term loan will be used to refinance AEI's existing senior and bridge loan facilities associated with the acquisition of Prisma Energy International (Prisma Energy) in a two stage transaction that was completed in September 2006. The five-year revolver of US$500 million will fund working capital for potential growth projects, acquisitions and general corporate needs.

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 US$2 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.