Holding(s) in Company

Utilico Emerging Mkts Utilities Ltd
20 July 2006



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company


Utilico Emerging Markets Utilities Limited



2. Name of shareholder having a major interest


Utilico Investment Trust plc



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


Shareholder named in 2 above.



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


i)          Chase Nominees Limited - 27,683,383 Ordinary Shares

ii)         UEM Holdings Limited - 15,000,000 Ordinary Shares



5. Number of shares / amount of stock acquired


Increase in holding arising from conversion of C Shares.  No C Shares are now held.



20,161,144 ordinary shares



6. Percentage of issued class


12.24



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


Ordinary shares of 10p each



10. Date of transaction


17 July 2006






11. Date company informed


20 July 2006



12. Total holding following this notification


42,683,383 Ordinary Shares of 10p each




13. Total percentage holding of issued class following this notification


25.93



14. Any additional information


Ordinary shares acquired as a result of the conversion of C Shares.



15. Name of contact and telephone number for queries


Miss D A Fish - 020 7628 8000



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


Miss D A Fish
For F&C Management Limited, Secretary



Date of notification


20 July 2006



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