Placing of C Shares

Impax Group PLC
17 September 2007


PLACING OF C SHARES BY IMPAX ENVIRONMENTAL MARKETS plc

As announced this afternoon by the board of Impax Environmental Markets plc
('IEM'), the closed end investment company that is managed by Impax Asset
Management Ltd, a subsidiary of Impax Group plc, IEM anticipates raising
proceeds in the region of £100m through a proposed issue of C shares (the
'Issue') which is expected to take place on 18 September 2007.

A further announcement will be made detailing the final result of the Issue.


For further information please contact:

Impax Group plc
Ian Simm, Chief Executive          [phone]


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