Holding(s) in Company

Utilico Emerging Mkts Utilities Ltd
22 May 2006


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1) Name of company

Utilico Emerging Markets Utilities Limited

2) Name of shareholder having a major interest

Friends Provident Group

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

This holding is made up of holdings on behalf of discretionary clients of F&C
Asset Management plc, part of the Friends Provident Group, as follows:



i)   Foreign & Colonial Investment Trust PLC    10,000,000 (13.32%)

ii)  F&C Global Smaller Companies PLC              250,000 (0.25%)



4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Chase Nominees Limited

5) Number of shares/amount of stock acquired

i)   10,000,000
ii)     250,000

6) Percentage of issued class

i)   13.32%
ii)   0.25%

7) Number of shares/amount of stock disposed

n/a

8) Percentage of issued class

n/a

9) Class of security

C Shares of 50p each

10) Date of transaction

12 May 2006

11) Date company informed

19 May 2006

12) Total holding following this notification

10,250,000 C Shares

11,050,000 ordinary shares are also held

13) Total percentage holding of issued class following this notification

10.25% C Shares
17.16% Ordinary Shares

14) Any additional information

C Shares issued as a result of a placing and open offer

F&C Asset Management and its holding Company, Friends Provident Life Office, are
also interested in the shares.

15) Name of contact and telephone number for queries

Debbie Fish
Tel: [phone]

16) Name and signature of authorised company official responsible for
making this notification

Debbie Fish


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


Date of notification: 22 May 2006


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