Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of
business on 13 February 2009 its net asset value ("NAV") per ordinary
share ("Share") was as follows:


Undiluted NAV per Share (including current financial year      97.09p
revenue items)

Undiluted NAV per Share (excluding current financial year      96.12p
revenue items)

Diluted NAV per Share (including current financial year        97.03p
revenue items)

Diluted NAV per Share (excluding current financial year        96.11p
revenue items)



Investments in the Company's portfolio have been valued on a bid
price basis.

Diluted NAV per Share assumes full conversion of all outstanding
warrants.

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