Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 02 January 2007 its undiluted net asset value ("NAV") per ordinary share was 130.18p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 128.08p. Investments in the Company's portfolio have been valued on a bid price basis. ---END OF MESSAGE---
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