Net Asset Value(s)

Utilico Emerging Mkts Utilities Ltd
27 October 2005


For the purpose of clarifying RNS announcement 2755T released at 16.35 on 27-10-05, the figures disclosed
for
Net asset value - diluted ex income (96.85p) and Net asset value - diluted cum income (97.33p) are anti dilutive and
should be
disclosed as below:

                                                                                                             27-Oct-05





Below is shown the net asset value per share for
Utilico Emerging Markets Utilities Limited at                                                25-Oct-05

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

                                                                                                                 pence

Net Asset Value - ex income                                                                                      96.22

Net asset Value - cum income                                                                                     96.80

Net Asset Value - diluted ex income                                                                              96.22

Net Asset Value - diluted cum income                                                                             96.80






                      This information is provided by RNS
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