Net Asset Value(s)

Utilico Emerging Markets Limited
14 March 2008


Below is shown the net asset value per share for                                              London time
Utilico Emerging Markets Limited at                                       11-Mar-08                 14.00

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

Ordinary shares                                                                                     pence

Net Asset Value - ex income                                                                        169.15

Net asset Value - cum income                                                                       170.27

Net Asset Value - diluted ex income                                                                157.84

Net Asset Value - diluted cum income                                                               158.78


The above NAV's have been prepared on a pro forma basis assuming the C shares and Subscription
Shares have been converted to Ordinary shares and S Shares per the announcement released
on 11 March 2008. Dealings in the Ordinary Shares and S Shares arising from Conversion
commenced trading at 8.00 a.m. on 14 March 2008.




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