Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 05 December 2005 its net asset value per ordinary share was 91.75p. The latest published net asset value per C share at the close of business on 02 December 2005 was 99.90p. The investments in the Company's portfolios have been valued at mid market price in the above calculations. ---END OF MESSAGE---
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