Result of EGM and Admission

RNS Number:6566Y
Utilico Investment Trust PLC
19 June 2007

       THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
            IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

For immediate release on 19 June 2007

                  Utilico Investment Trust plc (the "Company")

 Recommended proposals for the voluntary winding up of the Company and rollover
into Utilico Limited ("Utilico") and Utilico Finance Limited ("Utilico Finance")

The Board of Utilico Investment Trust plc announces that the resolutions
proposed at the Second Extraordinary General Meeting held today at 10.00 a.m.
were duly passed. Accordingly, the Scheme has become effective and the Company
will enter voluntary liquidation.

Accordingly, as described in the Circular, following the Scheme becoming
effective, Shareholders and Warrantholders on the register as at the close of
business on 8 June 2007 will receive the following shares and warrants in
Utilico Limited and Utilico Finance Limited (a wholly owned subsidiary of
Utilico Limited), the successor companies to the Company:

* Ordinary Shareholders will receive one Utilico Share for each Ordinary
  Share held by them in the Company;

* ZDP Shareholders will receive one Utilico Finance 2012 ZDP for every ZDP
  Share held by them in the Company; and

* Warrantholders will receive 64 Utilico 2008 Warrants for every 100
  Warrants held by them in the Company.

In addition, following implementation of the Proposals, Utilico Shareholders and
Utilico Warrantholders will receive in aggregate up to 3.602 million Utilico
2012 Warrants by way of a bonus issue in proportion to the Ordinary
Shareholders' holding of Ordinary Shares and Warrantholders' holding of Warrants
immediately prior to Admission. The bonus issue will be on the basis of
39.156685 Utilico 2012 Warrants for every 1,000 Ordinary Shares and/or Warrants
held.

The Utilico 2012 Warrants entitle holders to subscribe for one Utilico Share at
a price of 315.0 pence. The subscription price of 315.0 pence is based on the
Net Asset Value per Ordinary Share on a diluted basis, as at 12 June 2007, and
adjusted for the costs and expenses of the Proposals and the Placing and Offer
which are to be borne by Utilico, rounded up to the nearest five pence. The
bonus issue of Utilico 2012 Warrants will result in Utilico having a ratio of
one Utilico Warrant for every five Utilico Shares in issue at Admission.

As a result of the Proposals and the Placing and Offer, Utilico Limited will
have in issue 79,656,782 ordinary shares of 10 pence each, 12,329,479 Utilico
2008 Warrants and 3,601,877 Utilico 2012 Warrants and Utilico Finance Limited
will have in issue 45,486,200 Utilico Finance 2012 ZDP Shares, 37,500,000
Utilico Finance 2014 ZDP Shares and 37,500,000 Utilico Finance 2016 ZDP Shares.
It is expected that admission and dealings in the Utilico Shares, Utilico
Warrants and Utilico Finance ZDP Shares, will commence at 8.00 a.m. on 20 June
2007.

References to times and dates in this announcement are, unless otherwise stated,
to United Kingdom times and dates.

Terms used in this announcement, unless the context otherwise requires, bear the
meanings given to them in the Circular dated 14 May 2007.

Enquiries:
Utilico Investment Trust plc
Tel: [phone]
Charles Jillings

Arbuthnot Securities Limited
Tel: [phone]
Alastair Moreton
Richard Tulloch

Arbuthnot Securities Limited, which is authorised and regulated by the Financial
Services Authority, is acting for the Company and for no-one else in connection
with the contents of this announcement and will not be responsible to anyone
other than Utilico Investment Trust plc for providing the protections afforded
to customers of Arbuthnot Securities Limited, or for providing advice in
relation to the contents of this announcement or any matters referred to herein.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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