Holding(s) in Company

Utilico Emerging Mkts Utilities Ltd
20 July 2006

                                  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    18,951,661 (11.51%)
ii)  F&C Global Smaller Companies PLC           1,273,791 (0.77%)

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

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

9,175,452 ordinary shares

6) Percentage of issued class

5.57

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

20,225,452 Ordinary Shares of 10p each

13) Total percentage holding of issued class following this notification

12.28

14) Any additional information

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

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: 20 July 2006




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