Transaction in Own Shares

Utilico Limited
24 April 2008


                                Utilico Limited

                           Transaction in Own Shares



Whilst the Board of Utilico Limited ('Utilico' or the 'Company') is continuing
to review its options in order to enable the Company to pay the interim
dividend, it is conscious of the share price discount to net asset value which
has widened over recent weeks in comparison to historical levels.



As a result, and in light of a review of the Company's portfolio by its
investment manager who note a number of investee companies are themselves
trading at a discount, the Board has approved a repurchase of up to 880,000
ordinary shares equivalent to the amount of the proposed interim dividend.



On 24 April 2008, the Company purchased 620,000 ordinary shares at a price of
227.00p per share to be held in Treasury.



Following this purchase, the Company's issued share capital consists of
79,825,388 ordinary shares of which 620,000 ordinary shares are held in
Treasury.  Therefore the total number of ordinary shares with voting rights in
Utilico is 79,205,388.



The above figure (79,205,388) 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 interests in, Utilico under the FSA's
Disclosure and Transparency Rules.







For further information, please contact:


Utilico Limited                                      Arbuthnot Securities Limited
Charles Jillings                                     Alastair Moreton
01372 271 486                                        Hannah Pearce
                                                     020 7012 2000






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