Holding(s) in Company

Utilico Emerging Mkts Utilities Ltd
22 December 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1) Name of company

Utilico Emerging Markets Utilities Limited

2) Name of shareholder having a major interest

Friends Provident Group

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

This holding is made up of holdings on behalf of discretionary clients of F&C
Asset Management plc, part of the Friends Provident Group, as follows:



i)   Foreign & Colonial Investment Trust PLC    10,000,000 (13.32%)

ii)  F&C Global Smaller Companies PLC           1,050,000 (1.39%)

iii) Utilico Investment Trust plc               22,522,239 (30.01%)



4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Chase Nominees Limited

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

350,000

8) Percentage of issued class

0.46

9) Class of security

Ordinary shares of 10p each

10) Date of transaction

21 December 2005

11) Date company informed

22 December 2005

12) Total holding following this notification

33,572,239 ordinary shares

13) Total percentage holding of issued class following this notification

44.73%

14) Any additional information

F&C Asset Management and its holding Company, Friends Provident Life Office, are
also interested in the shares.

15) Name of contact and telephone number for queries

Debbie Fish
Tel: [phone]

16) Name and signature of authorised company official responsible for
making this notification

Debbie Fish
For and on behalf of F&C Management Limited, Secretary


Date of notification: 22 December 2005




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