Director/PDMR Shareholding

Utilico Emerging Markets Limited
31 March 2008

For immediate release on 31 March 2008

Utilico Emerging Markets Limited

Directors' Dealings

Utilico Emerging Markets Limited (the 'Company') announces that on 31 March 
2008 it was informed by Charles Jillings, a director of the Company, that on 28 
March 2008 he sold 108,268 ordinary shares ('Shares') at a price of 153.5p per 
Share and purchased 108,268 Shares at a price of 153.75p per Share through his 
SIPP. Following these transactions, Charles Jillings' interests in the Company
comprise 736,531 Shares, 293,093 Warrants and 10,846 S Shares.

For further information please contact:

Rhonda Nicoll
F&C Management Limited
0131 718 1074



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