Portfolio Update

Utilico Limited
04 July 2007


Utilico Limited



Top ten holdings and all holdings over 5% of gross assets
as at 30 June 2007

Stock                                                                                  % of Gross Assets

Infratil Limited                                                                                     15.1
Utilico Emerging Markets Limited                                                                     11.1
Utilico NZ Limited *                                                                                 10.8
Ecofin Water & Power Opportunities Limited                                                            8.5
Unique Flughafen Zurich AG                                                                            6.3
UEM Holdings Limited **                                                                               5.2
ERG Limited                                                                                           4.3
Jersey Electricity Company Limited                                                                    3.1
Keytech Limited                                                                                       2.9
Renewable Energy Generation Limited                                                                   2.6


*100% owned subsidiary holding Infratil Limited ordinary shares
**100% owned subsidiary holding Utilico Emerging Markets Limited ordinary shares





                      This information is provided by RNS
            The company news service from the London Stock Exchange