Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of
business on 02 January 2009 its net asset value ("NAV") per ordinary
share ("Share") was as follows:


Undiluted NAV per Share (including current financial year     103.19p
revenue items)

Undiluted NAV per Share (excluding current financial year     102.24p
revenue items)

Diluted NAV per Share (including current financial year       102.76p
revenue items)

Diluted NAV per Share (excluding current financial year       101.87p
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.

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.