Net Asset Value(s)

Utilico Emerging Mkts Utilities Ltd
23 June 2006


                                                                                                22-Jun-06


Below is shown the net asset value per share for
Utilico Emerging Markets Utilities Limited at                             20-Jun-06

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

Ordinary shares                                                                                     pence

Net Asset Value - ex income                                                                        101.77

Net asset Value - cum income                                                                       103.76

Net Asset Value - diluted ex income                                                                101.48

Net Asset Value - diluted cum income                                                               103.13

C Shares                                                                                            pence

Net Asset Value - ex income                                                                         92.61

Net asset Value - cum income                                                                        93.00

There is no dilution for C Shares




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