Transaction in Own Shares & Total Voting Rights

26 March 2026

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

Transaction in own shares and total voting rights

The Board of Utilico Emerging Markets Trust plc (the "Company") announces that on 26 March 2026 the Company purchased for cancellation 80,000 ordinary shares of 1p each at a price of 273.00p per share. The lowest/highest price paid per share was 273.00p/273.00p respectively.

Therefore, the total number of ordinary shares with voting rights in issue in the Company is now 175,902,391.

The above figure (175,902,391) 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, Jaqueline Broers, Alastair Moreton

Shore Capital                                                                         +44 (0) 20 7408 4050

Adam Gill / William Sanderson (Sales),

Gillian Martin (Corporate), Fiona Conroy (Broking)

Montfort Communications

Gay Collins, Alex Everett                                                       +44 (0) 7798 626282

utilico@montfort.london