Net Asset Value(s)

Utilico Emerging Markets Limited
21 December 2006


                                                                                                 21-Dec-06


Below is shown the net asset value per share for
Utilico Emerging Markets Limited at                                        19-Dec-06

NAV per share (at bid market values) in £ sterling with prior charges at nominal value:

Ordinary shares                                                                                      pence

Net Asset Value - ex income                                                                         128.27

Net asset Value - cum income                                                                        128.30

Net Asset Value - diluted ex income                                                                 123.56

Net Asset Value - diluted cum income                                                                123.59


The company will not be releasing a weekly net asset value statement for the week commencing 25th December
2006 due to the Christmas holidays. The next net asset value release will be for a valuation date of 31st
December 2006.




                      This information is provided by RNS
            The company news service from the London Stock Exchange