*

Hitt og þetta 22. ágúst 2006

Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 21 August 2006 its undiluted net asset value ("NAV") per ordinary share was 100.05p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 99.52p.

The NAV per C share as at the close of business on 18 August 2006 was 98.98p.

The investments in the Company's portfolios have been valued at bid prices in the above calculations.

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