Portfolio Update

Utilico Limited
02 October 2007


Top ten holdings and all holdings over 5% of gross assets
as at 30 September 2007

Stock                                                                                  % of Gross Assets

Infratil Limited                                                                                     14.4
Utilico Emerging Markets Limited                                                                     12.4
Utilico NZ Limited *                                                                                 10.4
Ecofin Water & Power Opportunities Limited                                                            7.8
Unique Flughafen Zurich AG                                                                            5.9
UEM Holdings Limited **                                                                               5.8
ERG Limited                                                                                           4.8
Renewable Energy Generation Limited                                                                   3.2
Jersey Electricity Company Limited                                                                    2.9
Flughafen Wien AG                                                                                     2.9


*100% owned subsidiary holding Infratil Limited ordinary shares
**100% owned subsidiary holding Utilico Emerging Markets Limited ordinary shares





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