Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of
business on 2 November 2006 its undiluted net asset value ("NAV") per
ordinary share was 102.87p.  The diluted NAV per ordinary share
(assuming full conversion of all outstanding warrants) was 102.25p.


The investments in the above portfolio have been valued at bid
prices.

---END OF MESSAGE---