UIL LIMITED

SALE OF 2022 ZDPs

UIL Limited (the "Company") announces that on 9 May 2017 the Company sold in the market 581,560 2022 ZDP Shares issued by its subsidiary, UIL Finance Limited, at a price of 111p per 2022 ZDP Share. Following this sale, UIL Limited has a holding of 4,289,956 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:

Alastair Moreton,

For ICM Investment Management Limited, Secretary

Telephone 01372 221597