Net Asset Value(s)

Utilico Emerging Markets Limited
15 September 2006



                                                                                                 15-Sep-06


Below is shown the net asset value per share for
Utilico Emerging Markets Limited at                                        12-Sep-06

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

Ordinary shares                                                                                      pence

Net Asset Value - ex income                                                                         114.87

Net asset Value - cum income                                                                        116.57

Net Asset Value - diluted ex income                                                                 112.39

Net Asset Value - diluted cum income                                                                113.81





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