Result of EGM

The Board  of  Directors  of Impax  Environmental  Markets  plc  (the
"Company") is pleased  to announce that  at an Extraordinary  General
Meeting of  the  Company  held  earlier  today  the  two  resolutions
relating to the issue of C Shares  (the "Issue") by way of a  placing
and offer for subscription and authorising the Company to make market
purchases of its ordinary shares were approved by Shareholders.

The Issue has  raised net  proceeds of £64,845,000  for the  Company.
57,888,380 C Shares have  been allotted pursuant  to the Placing  and
8,111,620 C  Shares have  been  allotted pursuant  to the  Offer  for
Subscription, giving  an aggregate  of 66,000,000  C Shares  allotted
pursuant to the Issue. Such allotment is conditional on admission  to
the Official List and commencement of dealings in the C Shares on the
London Stock Exchange, which is expected  to take place on 15  August
2006.

The net proceeds of the Issue and the investments made with them will
be accounted for and managed as  a separate pool of assets until  the
date on which 90  per cent. of the  net proceeds have been  invested.
Conversion of the C Shares into  Ordinary Shares in the Company  will
take place shortly thereafter.


14 August 2006

Enquiries:


Impax Asset Management Limited 020 7434 1122
Ian Simm
Bruce Jenkyn-Jones

Dresdner Kleinwort
Dominic Waters                 020 7475 6688
David Yovichic                 020 7475 7144

---END OF MESSAGE---