This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

UTILICO EMERGING MARKET UTILITIES LIMITED

20 20 2006

Hamilton, Bermuda: 20 July, 2006 -- Following conversion of the Company's C Shares and cancellation of New Warrants, as detailed in the Company's announcement dated 13 July 2006, the interests of the Directors in the Company's issued shares and warrants are as follows:

Director	Ordinary Shares	%	Warrants	%

G Milne	439,479.00	0.27%	86,239	0.26%
A Zagoreos	217,428.00	0.13%	40,020	0.12%
K O'Connor	385,467.00	0.23%	74,668	0.23%
C Jillings	249,962.00	0.15%	48,335	0.15%
J M Collier	159,055.00	0.10%	29,384	0.09%