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 MARKETS LIMITED – Directors Dealings

08 January 2010

Hamilton, Bermuda – 08 January, 2010 - 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 7 January, 2010, at 128.0p per share. These purchases were made to satisfy the Directors’ fee for the quarter ended 31 December, 2009.

Director	Ordinary shares purchased in lieu of fees	Total ordinary share-holding	% of issued ordinary shares	Warrants	% of issued warrants	S shares	% of issued S shares
A Zagoreos	6,801	378,898	0.18	-	-	5,423	0.06
C D O Jillings	4,858	921,628	0.43	293,093	0.96	10,846	0.12
G A Madeiros	6,315	102,001	0.05	-	-	8,134	0.09
G P D Milne	4,858	502,293	0.24	86,239	0.28	-	-
K O’Connor	4,858	515,517	0.24	74,668	0.24	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.