Holding(s) in Company

Utilico Emerging Markets Limited
27 March 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:



Initial disclosure



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):



N/A



6. Date on which issuer notified:



20 March 2007



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



12%



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                      20,325,452                         20,325,452



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


                     20,325,452                        20,325,452        12.32%



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


20,325,452                     12.32%



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 Rights

Foreign & Colonial Investment Trust PLC   18,951,661 (11.49%)
Other clients holdings less than 3%



Registered Name: Chase Nominees Limited



Proxy Voting:



10. Name of the proxy holder:



F&C Asset Management 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:



This is the initial disclosure of a major interest.  On an ongoing basis
additional disclosures will be made as and when a notifiable threshold is
crossed.



14. Contact name:



Juliet Dearlove



15. Contact telephone number:



020 7011 5089




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