Holding(s) in Company

Utilico Emerging Markets Limited
29 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 Emerging Markets Limited



2. Reason for the notification:



Following scheme of Reconstruction & Voluntary Liquidation of Utilico Investment
Trust PLC and Rollover into Utilico Limited



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



Utilico Limited



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



As above



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



19 June 2007



6. Date on which issuer notified:



29 June 2007



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



25%



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

BMG931151069                      0                                  0

Ord 10p



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             Direct         Indirect          Direct     Indirect


BMG931151069         42,683,384         42,683,384             -         25.87%                 -

Ord 10p



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.



Total (A+B)
Number of voting rights        % of voting rights

42,683,384                     25.87%



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


                           Holding                   % Voting Rights            Registered Name
Utilico Limited            27,683,384                16.78                      Chase Nominees Limited
Utilico Limited            15,000,000                9.09                       UEM Holdings Limited





Proxy Voting:



10. Name of the proxy holder:



Utilico Limited



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:



N/A



14. Contact name:



Juliet Dearlove



15. Contact telephone number:



020 7011 5089




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