Issue of Equity

Utilico Emerging Markets Limited
03 August 2006

UTILICO EMERGING MARKETS LIMITED

(previously named Utilico Emerging Markets Utilities Limited)



Utilico Emerging Markets Limited announces the allotment of 947 ordinary shares
of 10p each.  These shares, which rank pari passu with the existing shares in
issue, have been allotted following the exercise of 947 warrants on 31 July
2006.  Application has been made for the new ordinary shares to be admitted to
trading on AIM and dealings are expected to commence on 9 August 2006.
Application has also been made for listing on the Bermuda Stock Exchange.


As a result of this exercise, the total number of ordinary shares in issue now
stands at 164,623,573 and the total number of warrants in issue stands at
32,903,142.






3 August 2006


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