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 Directors' Dealings

17 17 2007

Hamilton, Bermuda, April 17, 2007 - Utilico Emerging Market Utilities Limited (UTILEMU.BH) announces that the following ordinary shares of 10p each in the Company ("Shares") have today been allotted to Directors in satisfaction of their remuneration for the quarter end ended 31 March 2007, in accordance with their fee entitlements as detailed in the Company's Admission Document dated 14 July 2005:

Director	Fee shares allotted	Resultant shareholding	%
A Zagoreos	5,144	280,974	0.17
J M Collier	4,513	181,559	0.11
C D O Jillings	3,610	371,330	0.23
G P D Milne	3,610	452,455	0.27
K O'Connor	3,610	402,157	0.24

Application has therefore been made for the admission to trading on AIM of 20,487 Shares ("Admission"). Upon Admission these Shares will rank pari passu with the Company's existing issued ordinary shares and dealings are expected to commence on 27 April 2007. Application has also been made for listing on the Bermuda Stock Exchange.

Following Admission the Company will have 165,003,894 Shares and 32,543,308 warrants to subscribe for Shares in issue.