Compliance with Model Code

Utilico Ltd ("the Company")

Listing Rule 15.5.1 (4)

In accordance with Listing Rule 15.5.1 (4), ("the company,") announces that it is satisfied that all inside information which the Directors and the Company may have to 30 June 2010 as previously been notified via a regulatory information service and, therefore, the dealings referred to in LR 15.5.1 (3) are permitted.

Name of contact and telephone number for enquiries:

Martin Cassels

For and on behalf of F&C Management Limited, Secretary

Telephone: 0207 628 8000

Date 06 July 2010