Net Asset Value(s)

Utilico Emerging Markets Limited
18 January 2008





Below is shown the net asset value per share for                                            London time
Utilico Emerging Markets Limited at                                      15-Jan-08                17.30

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

Ordinary shares                                                                                   pence

Net Asset Value - ex income                                                                      187.42

Net asset Value - cum income                                                                     188.32

Net Asset Value - diluted ex income                                                              173.12

Net Asset Value - diluted cum income                                                             173.87

C shares

Net Asset Value - ex income                                                                       98.99

Net asset Value - cum income                                                                      99.28




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