Net Asset Value(s)

Utilico Emerging Mkts Utilities Ltd
06 June 2006


                                                                                               06/06/2006

Below is shown the net asset value per share for
Utilico Emerging Markets Utilities Limited at                             31-May-06

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

Ordinary shares                                                                                     pence

Net Asset Value - ex income                                                                        104.41

Net asset Value - cum income                                                                       107.70

Net Asset Value - diluted ex income                                                                103.68

Net Asset Value - diluted cum income                                                               106.41

C Shares                                                                                  pence

Net Asset Value - ex income                                                                         94.31

Net asset Value - cum income                                                                        94.50

There is no dilution for C Shares




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