Expansion of listed fund

Impax Group PLC
14 November 2005


                        Impax Group plc (the 'Company')
                      Successful expansion of listed fund

Impax Environmental Markets plc ('IEM'), the listed investment trust managed by
Impax Asset Management Limited (the Company's asset management subsidiary), has
today announced that it has raised £60 million of additional capital through a
placing and offer for subscription. The new capital will increase IEM's total
net assets to £105 million.

Keith Falconer, Chairman, Impax Group plc, commented: 'This fund-raising
confirms investor appetite for high growth stocks in the renewable energy, water
and waste sectors, and reinforces the Impax Group's position as the leading
AIM-listed environmental investment management company.'

Ian Simm, Chief Executive, commented: 'Over the past twelve months, Impax has
tripled its funds under management to over £220 million as many of the UK's
leading institutional investors have recognised our insight into this specialist
area of investment.'

14 November 2005


Enquiries:

Impax Group plc                                  Tel: [phone]

Ian Simm
Bruce Jenkyn-Jones




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