Cancellation of shares

Utilico Emerging Mkts Utilities Ltd
27 July 2005


Utilico Emerging Markets Utilities Limited

27 July 2005

Utilico Emerging Markets Utilities Limited (the 'Company')

Buyback of 100,000 nil paid Ordinary Shares of 10p each

The Company announces that it has today bought back and cancelled the 100,000
nil paid Ordinary Shares of 10p each, issued to Brad Goddard and Duncan Saville
at the date of incorporation, for nil consideration, as set out in the Company's
AIM Admission Document. Following this buyback, the Company's issued share
capital consists of 75,022,239 Ordinary Shares.

Enquiries:
Utilico Emerging Markets Utilities Limited
Charles Jillings, Executive Director                Tel. [phone]




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