Issue of Equity

Utilico Limited
06 November 2007

To:             RNS

Date:           6 November 2007

Company:        UTILICO LIMITED

Subject:        Issue of Equity


Utilico Limited announces the allotment of 168,606 Ordinary Shares of 10p each.
These shares which rank pari passu with the existing shares in issue have been
allotted following the exercise of 160,326 (2008) Warrants and 8,280 (2012)
Warrants on 31 October 2007.  Application has been made for the new Ordinary
Shares to be listed and admitted to trading on the UKLA and dealings are
expected to commence on 7 November 2007.

As a result of this exercise, the total number of Ordinary Shares in issue now
stands at 79,825,388, the total number of (2008) Warrants in issue stands at
12,169,153 and the total number of (2012) Warrants in issue stands at 3,593,597.

The above figure (79,825,388) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Utilico Limited under the
FSA's Disclosure and Transparency Rules.




For further information contact:

Rhonda Nicoll, F&C Management Limited:                0131 718 1074




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