Net Asset Value(s)

Utilico Emerging Markets Limited
22 February 2008


Below is shown the net asset value per share for                                               London time
Utilico Emerging Markets Limited at                                        19-Feb-08                 13.00

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

Ordinary shares                                                                                      pence

Net Asset Value - ex income                                                                         179.39

Net asset Value - cum income                                                                        180.63

Net Asset Value - diluted ex income                                                                 166.40

Net Asset Value - diluted cum income                                                                167.44

C shares

Net Asset Value - ex income                                                                         100.44

Net asset Value - cum income                                                                        100.93

Net Asset Value - diluted ex income                                                                 100.37

Net Asset Value - diluted cum income                                                                100.78






                      This information is provided by RNS
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