UIL LIMITED

SALE OF 2022 ZDPs

UIL Limited (the "Company") announces that on 22 December 2016 the Company sold in the market 92,750 2022 ZDP Shares issued by its subsidiary, UIL Finance Limited, at a price of 109p per 2022 ZDP Share. Following this sale, UIL Limited has a holding of 5,474,781 2022 ZDP Shares and the total number of 2022 ZDP Shares in issue remains unchanged at 50,000,000.

Name of contact and telephone number for enquiries:

Amanda Marsh,

For ICM Investment Management Limited, Secretary

Telephone 01372 221597