Further re Interim Dividend

Utilico Limited
03 March 2008

For immediate release on 3 March 2008

                  Utilico Limited ('Utilico' or the 'Company')

                          Further re Interim Dividend

Utilico has received advice that it is not in a position to pay dividends at the
present time. Utilico has sufficient revenue reserves to pay a dividend but its
capital account deficit exceeds its revenue reserves as at today. Under Bermuda
law a company is not allowed to pay a dividend from its share capital, share
premium account or warrant reserve. These were established at the time of the
migration of Utilico to Bermuda in June 2007.

Utilico announced on 20 February 2008 a proposed interim dividend of 2.5p per
share payable to shareholders on 14 March 2008. This dividend will not now be
paid on that date. The Company is currently in the process of reviewing its
options to pay the interim dividend and will make a further announcement as 
soon as possible in relation to the timing of such a solution and the revised 
date the interim dividend is proposed to be paid. In the meantime, the shares 
will remain ex-dividend.

Enquiries:

Utilico Limited                      Arbuthnot Securities Limited
Charles Jillings                     Alastair Moreton
01372 271 486                        020 7012 2000



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