Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 05 June 2008 its undiluted net asset value ("NAV") per ordinary share was 134.36p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 132.01p. Investments in the Company's portfolio have been valued on a bid price basis. Current financial year revenue items have been excluded. ---END OF MESSAGE---
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