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Impax Asian Environmental Mark (IAEM)

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Monday 02 November, 2009

Impax Asian Environmental Mark

Holding(s) in Company





TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


+-------------------------------------------------------------------+
|                                       |                           |
|---------------------------------------+---------------------------|
| 1. Identity of the issuer or the      |                           |
| underlying issuer                     | Impax Asian Environmental |
| of existing shares to which voting    |               Markets plc |
| rights are                            |                           |
| attached: ii                          |                           |
|-------------------------------------------------------------------|
| 2 Reason for the notification (please tick the appropriate box or |
| boxes):                                                           |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights         |      x      |
|-----------------------------------------------------+-------------|
| An acquisition or disposal of qualifying financial  |             |
| instruments which may result in the acquisition of  |             |
| shares already issued to which voting rights are    |             |
| attached                                            |             |
|-----------------------------------------------------+-------------|
| An acquisition or disposal of instruments with      |             |
| similar economic effect to qualifying financial     |             |
| instruments                                         |             |
|-----------------------------------------------------+-------------|
| An event changing the breakdown of voting rights    |             |
|-----------------------------------------------------+-------------|
| Other (please          |                            |             |
| specify):              |                            |             |
|-------------------------------------------------------------------|
| 3. Full name of person(s)       |                                 |
| subject to the                  |  London Pensions Fund Authority |
| notification obligation: iii    |                                 |
|---------------------------------+---------------------------------|
| 4. Full name of shareholder(s)  |                                 |
|  (if different from 3.):iv      |                                 |
|---------------------------------+---------------------------------|
| 5. Date of the transaction and  |                                 |
| date on                         |                                 |
| which the threshold is crossed  |                      23/10/2009 |
| or                              |                                 |
| reached: v                      |                                 |
|---------------------------------+---------------------------------|
| 6. Date on which issuer         |                      30/10/2009 |
| notified:                       |                                 |
|---------------------------------+---------------------------------|
| 7. Threshold(s) that is/are     |                                 |
| crossed or                      |                       Above 19% |
| reached: vi, vii                |                                 |
+-------------------------------------------------------------------+



+--------------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                    |
|--------------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix                                                            |
|--------------------------------------------------------------------------------------------------------|
|Class/type of    |Situation previous            |Resulting situation after the triggering transaction   |
|shares           |to the triggering             |                                                       |
|if possible using|transaction                   |                                                       |
|the ISIN CODE    |------------------------------+-------------------------------------------------------|
|                 |Number           |Number      |Number    |Number of voting      |% of  voting rights x|
|                 |of               |of          |of shares |rights                |                     |
|                 |Shares           |Voting      |----------+----------------------+---------------------|
|                 |                 |Rights      |Direct    |Direct xi   |Indirect |Direct    |Indirect  |
|                 |                 |            |          |            |xii      |          |          |
|-----------------+-----------------+------------+----------+------------+---------+----------+----------|
|Ord GBP0.001     |                 |            |20,000,000|20,000,000  |         |          |          |
|share            |                 |            |          |            |         |15.9%     |          |
|GB00B4M5KX38     |0                |0           |          |            |-        |          |-         |
|-----------------|                 |            |          |-           |         |          |          |
|                 |                 |            |          |            |         |          |          |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |
|--------------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments                                                                     |
|--------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                    |
|--------------------------------------------------------------------------------------------------------|
|Type of financial         |Expiration    |Exercise/               |Number of voting      |% of voting   |
|instrument                |date xiii     |Conversion Period xiv   |rights that may be    |rights        |
|                          |              |                        |acquired if the       |              |
|                          |              |                        |instrument is         |              |
|                          |              |                        |exercised/ converted. |              |
|--------------------------+--------------+------------------------+----------------------+--------------|
|Subscription share        |31/10/2014    |1/11/2009 to 31/10/2014 |4,000,000             |3.2%          |
|GB00B4M82P85              |              |                        |                      |              |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |
|--------------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi       |
|--------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                    |
|--------------------------------------------------------------------------------------------------------|
|Type of financial |Exercise price  |Expiration|Exercise/   |Number of voting rights  |% of voting rights|
|instrument        |                |date xvii |Conversion  |instrument refers to     |xix, xx           |
|                  |                |          |period xviii|                         |                  |
|------------------+----------------+----------+------------+-------------------------+------------------|
|                  |                |          |            |                         |Nominal   |Delta  |
|                  |                |          |            |                         |----------+-------|
|                  |                |          |            |                         |          |       |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |
|--------------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                           |
|--------------------------------------------------------------------------------------------------------|
|Number of voting rights                               |Percentage of voting rights                      |
|------------------------------------------------------+-------------------------------------------------|
|24,000,000                                            |19.1                                             |
+--------------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable: xxi    |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:                               |     |
|-------------------------------------------------------------+-----|
| 11. Number of voting rights proxy holder will cease         |     |
| to hold:                                                    |     |
|-------------------------------------------------------------+-----|
| 12. Date on which proxy holder will cease to hold           |     |
| voting rights:                                              |     |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 13. Additional information:                   |                   |
|-----------------------------------------------+-------------------|
| 14. Contact name:                             |       Roona Ellis |
|-----------------------------------------------+-------------------|
| 15. Contact telephone number:                 |     0207 369 6026 |
+-------------------------------------------------------------------+


The person making this announcement on behalf of Impax Asian
Environmental Markets plc is as follows:

Anthony Lee
Tel: 020 7490 4355

2 November 2009