Result of SGM

Utilico Emerging Markets Limited
13 December 2007


For immediate release on 13 December 2007

   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,
  CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR
                                      JAPAN

                        Utilico Emerging Markets Limited
                       Result of Special General Meeting


The Board of Directors of Utilico Emerging Markets Limited (the 'Company') are
pleased to announce that, at the Special General Meeting held earlier today, the
Resolutions relating to the increase of the Company's authorised share capital
by the creation and issue of C Shares and Subscription Shares pursuant to the
Placing and Offer for Subscription, the adoption of new Bye-laws and the
proposed variation of the rights attaching to existing Ordinary Shares were
approved by Shareholders.

For further information please contact:

Utilico Emerging Markets Limited     Arbuthnot Securities Limited
Charles Jillings                     Alastair Moreton
01372 271 486                        020 7012 2000


Terms used in this announcement shall, unless the context otherwise requires,
bear the meanings given to them in the Prospectus dated 23 November 2007.

Arbuthnot Securities Limited, which is authorised and regulated by the Financial
Services Authority, is acting for the Company only and will not be responsible
to any other person for providing the protections afforded to customers of
Arbuthnot Securities Limited or for advising such person on the matters referred
to in this announcement.





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