Holding(s) in Company

26 Nov 2007 14:20

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

European Utilities Trust Plc

2. Reason for the notification State Yes/No An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the notification obligation Utilico (iii):

Limited 4. Full name of shareholder(s) (if different from 3.) (iv):

5. Date of the transaction (and date on which the threshold is 23/11/07 crossed or reached if different) (v):

6. Date on which issuer notified: 26/11/07 7. Threshold(s) that is/are crossed or reached: 10, 5% 8. Notified details:

A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering

shares if to the Triggering transaction (vii) possible using transaction (vi) the ISIN CODE

Number Number of Number Number of voting % of voting of Voting of rights (ix) rights Shares Rights shares (viii) Direct Direct Indirect Direct Indirect (x) (xi)

GB0004761176 940,000 940,000 0 0 - 0 -

Ord 25p B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of Expiration Exercise/Conversion Number of voting % of financial date (xiii) Period/ Date (xiv) rights that may be voting instrument acquired if the rights instrument is exercised/converted Total (A+B) Number of voting rights % of voting rights 0 0

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

Client - Utilico Limited No. of voting rights - 0 % of total voting rights - 0

Registration name - Chase Nominees Limited

Proxy Voting:

10. Name of the proxy holder: Utilico Limited 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting

rights: 13. Additional information: 14. Contact name: Mike Bassi, F&C Management Limited, Secretary and Administrator For Utilico Limited 15. Contact telephone number: 0131 718 1093