Transaction in Own Shares

23 August 2018

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

Transaction in own shares

The Board of Utilico Emerging Markets Trust plc (the "Company") announces that on 23 August 2018 the Company purchased for cancellation 37,498 ordinary shares of 1p each at a price of 205p per share.

Therefore, the total number of ordinary shares with voting rights in issue in the Company is now 234,362,962.

The above figure (234,362,962) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Name of contact and telephone number for enquiries:

ICM Investment Management Limited +44(0)1372 271486

Charles Jillings / Alastair Moreton

Montfort Communications

Gay Collins, Mike Foster, Toto Reissland-Burghart +44(0)203 770 7905 / 7907

utilico@montfort.london