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RNS Number : 0526Z

Utilico Investments Limited

09 March 2012

For immediate release on 9 March 2012

Utilico Investments Limited ("Utilico Investments")

Utilico Finance Limited ("Utilico Finance")

(together the "Group")

Result of Placing

On 2 March 2012, Utilico Finance Limited, a wholly owned subsidiary of Utilico Investments Limited, published a supplementary prospectus in connection with the placing of up to 10 million new 2014 ZDP Shares and up to 10 million new 2016 ZDP Shares further described in a prospectus published by Utilico Finance on 2 December 2011.

Placing

The Board of Utilico Finance is pleased to announce today that Utilico Finance has placed 10 million new 2014 ZDP Shares at 146.5p per share and 10 million new 2016 ZDP Shares at 146.5p per share with certain institutional and other investors raising gross proceeds of GBP29.3m.

Admission and dealings

An application will shortly be made for the 2014 ZDP Shares and 2016 ZDP Shares to be admitted to the Official List and to trading on the London Stock Exchange and dealings are expected to commence at 8.00 a.m. on 15 March 2012. It is anticipated that CREST accounts will be credited (where applicable) on the same day and new share certificates will be issued as soon as practicable following admission.

Following admission, the Group's share capital will comprise 99,926,782 Ordinary Shares, 3,587,343 2012 Warrants, 39,342,809 2012 ZDP Shares, 47,500,000 2014 ZDP Shares, 47,500,000 2016 ZDP Shares and 22,250,000 2018 ZDP Shares.

Further Placings

As stated in the announcement made by UFL on 2 December 2011, the Placing is flexible and may have a number of closing dates in order to provide Utilico Finance with the ability to issue 2014 ZDP Shares, 2016 ZDP Shares and 2018 ZDP Shares over a period of time. Utilico Finance has the ability to complete a further placing of up to 27.6 million 2018 ZDP Shares until the final closing date of 1 December 2012 (or any earlier date on which the Placing is fully subscribed).

Terms used and not defined in this announcement bear the meaning given to them in the Prospectus dated 2 December 2011 or the Supplementary Prospectus dated 2 March 2012.

For further information please contact:

ICM Analysis & Research Ltd

   Charles Jillings                                                                  01372 271486

Westhouse Securities Limited

   Alastair Moreton/Hannah Young                              0207 601 6118

This information is provided by RNS

The company news service from the London Stock Exchange

END

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