Holding(s) in Company

Utilico Limited
22 June 2007



                     NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.   Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Utilico Limited


2. Reason for the notification:

Scheme of reconstruction


3. Full name of person(s) subject to the notification obligation:

F&C Asset Management plc


4. Full name of shareholder(s) (if different from 3.):

See 9. below


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

20 June 2007


6. Date on which issuer notified:

22 June 2007


7. Threshold(s) that is/are crossed or reached:

10%


8. Notified details:




A: Voting rights attached to shares

Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights

BMG9314Y1003                      0                                  0
Ord
GBP0.10


Resulting situation after the triggering transaction

Class/type of shares Number of shares   Number of voting rights          % of voting rights
if possible using
the ISIN CODE
                                        Direct         Indirect          Direct       Indirect

BMG9314Y1003         8,318,037          -              8,318,037         -            10.44
Ord
GBP0.10




B: Financial Instruments

Resulting situation after the triggering transaction

Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.

N/A



Total (A+B)

Number of voting rights        % of voting rights

8,318,037                      10.44%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

F&C Asset Management plc:

Client                                                    No of voting      % of total    Registered Name
                                                          rights            voting rights

Foreign & Colonial Investment Trust PLC                   6,481,367         8.14%         Chase Nominees Ltd
Other clients hold less than 3% each



Proxy Voting:



10. Name of the proxy holder:

F&C Asset Management plc


11. Number of voting rights proxy holder will cease to hold:

n/a


12. Date on which proxy holder will cease to hold voting rights:

n/a


13. Additional information:

F&C Investment Trust Savings Schemes have the following holdings on which we do
not control the voting rights (VR)(as at 31 May 2007):


- F&C Pension Savings Plan 329,901 VR 0.41%

- F&C Private Investor Plan 1,198,556 VR 1.50%

- F&C ISA Plan 690,776 VR 0.87%

- F&C PEP Plan 3,020,595 VR 3.80%


Total savings scheme shares 5,239,828; VR 6.58%



14. Contact name:

Debbie Fish
For and on behalf of F&C Management Limited, Secretary



15. Contact telephone number:

020 7011 5010




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