UTILICO EMERGING MARKETS TRUST PLC

Net Asset Value • Apr 12, 2021

National Storage Mechanism | Additional information

RNS Number : 2041V

Utilico Emerging Markets Trust PLC

12 April 2021

12 April 2021

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

Performance Fee

Utilico Emerging Markets Trust plc ("UEM") announces that it has settled the performance fee for the year ended 31 March 2021 payable to ICM Limited and ICM Investment Management Limited, UEM's joint portfolio managers, amounting to £5.08 million.  Half the performance fee is payable in cash and half is payable in UEM shares.  The share element, calculated on UEM's cum income NAV as at 31 March 2021 of 228.54p, amounted to 1,111,193 UEM shares and, in accordance with the terms of the investment management agreement, the joint portfolio managers have purchased these shares in the market.

As referred to in UEM's announcement on 25 March 2021, with effect from 1 April 2021, the start of UEM's new financial year, the performance fee has been discontinued and the investment management fee amended.

Name of contact and telephone number for enquiries:

ICM Investment Management Limited                                 +44(0)1372 271486

Charles Jillings / Alastair Moreton

Montfort Communications

Gay Collins, Pippa Bailey                                                         +44(0)20 3770 7913

utilico@montfort.london

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