Issue of Equity

Utilico Limited
07 May 2008



To:                 RNS


Date:               7 May 2008


Company:            UTILICO LIMITED


Subject:            Issue of Equity



Utilico Limited ('Utilico') announces the issue and allotment of 12,172,935
ordinary shares of 10p each ('Shares').  These Shares will rank pari passu with
the existing ordinary shares in issue and have been issued and allotted
following the final exercise of 12,169,153 2008 Warrants and the exercise of
3,782 2012 warrants on 30 April 2008.  Application has been made for the Shares
to be listed on the Official List and admitted to trading on the London Stock
Exchange and dealings are expected to commence on 8 May 2008.

Following the exercise of 2008 and 2012 warrants, the total number of ordinary
shares in issue is 91,998,323 of which 620,000 ordinary shares are held in
treasury.  Therefore the total number of ordinary shares with voting rights in
Utilico is 91,378,323.  The total number of 2012 warrants in issue stands at
3,589,815.  Following the final exercise of the 2008 warrants this line of stock
will be removed from the Official List.

The above figure (91,378,323) 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 under the FSA's
Disclosure and Transparency Rules.




For further information contact:


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




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