Warrant subscription

Warrant subscription

Impax Environmental Markets plc announces that on the subscription
date of 15 June 2009 438,068 Warrants were exercised in respect of
438,068 Ordinary Shares which will be allotted at a subscription
price of 96p per Ordinary Share.

Applications have been made to the UK Listing Authority for the above
Ordinary Shares to be admitted to the Official List and to the London
Stock Exchange for the above Ordinary Shares to be admitted to
trading.  The new Ordinary Shares are expected to be admitted on 22
June 2009.

Upon admission of the above Ordinary Shares to the Official List and
to trading on the London Stock Exchange, the Company's issued share
capital will be 305,843,288 Ordinary Shares.  The Company is holding
716,505 of these shares in Treasury.  Therefore, the total number of
Ordinary Shares with voting rights in the Company will be
305,126,783.

Following the above subscription, a total of 18,666,085 Warrants to
subscribe for Ordinary Shares remains outstanding.


Enquiries

Anthony Lee                                        020 7490 4355
Company Secretary
Cavendish Administration Limited

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