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Utilico Emerging Markets Limited (
Hamilton, Bermuda, March 14, 2007 - The Company announces that, following the exercise, on 31 January 2007, of 40,020 warrants at 100p each, Mr. A Zagoreos, non-executive Chairman, is now interested in 275,830 ordinary shares of 10p each in the Company, representing approximately 0.17% of the Company's issued ordinary share capital.