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UTILICO EMERGING MARKETS LIMITED - Directors Dealings

13 October 2009

Hamilton, Bermuda - 13 October, 2009 - Utilico Emerging Markets Limited (the "Company") (Ticker: UTILEMU.BH) announces the following purchases of ordinary shares of 10p each in the Company by its Directors on 6 October 2009 at 122.5p per share. These purchases were made to satisfy the Directors' fee for the quarter ended 30 September 2009.

Director	Ordinary shares purchased in lieu of fees	Total ordinary shareholding	% of issued ordinary shares	Warrants	% of issued warrants	S shares		% of issued S shares
A Zagoreos	7,107	373,547	0.18	-	-		5,423	0.06
C D O Jillings	5,076	916,770	0.43	293,093	0.91		10,846	0.12
G A Madeiros	6,599	95,686	0.04	-	-		8,134	0.09
G P D Milne	5,076	497,435	0.23	86,239	0.27		-	-
K O'Connor	5,076	494,603	0.23	74,668	0.23		5,423	0.06

For further information please contact:

Rhonda Nicoll

F&C Management Limited 0131 718 1074

Or visit the Company's website at www.uem.bm.