Net Asset Value(s)

Utilico Emerging Markets Limited
20 December 2007


Below is shown the net asset value per share for
Utilico Emerging Markets Limited at                                        18-Dec-07

NAV per share (at bid market values) in £ sterling with prior charges at nominal value:

Ordinary shares                                                                                      pence

Net Asset Value - ex income                                                                         183.39

Net asset Value - cum income                                                                        184.12

Net Asset Value - diluted ex income                                                                 169.75

Net Asset Value - diluted cum income                                                                170.36


The company will not be releasing a weekly net asset value statement for the week commencing 24th December
2007 due to the Christmas holidays. The next net asset value release will be for a valuation date of 31st
December 2007.




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