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Impax Group wins award for “Innovation in Climate Change Investment”

London: November 27th, 2008. Impax Group plc (“Impax”), the specialist environmental investment company, is pleased to announce it has won an award for “Innovation in Climate Change Investment” at the Gold Standard and Climate Change Awards.

Impax was selected from a shortlist of four fund management companies for the Innovation award, for its joint venture with FTSE to create the FTSE Environmental Opportunities All Share Index.

Ian Simm, CEO of Impax said: “We are delighted to be acknowledged for our work in this area. Ten years ago Impax launched the first ever index dedicated to the environmental sector – the Environmental Technology 50 – relaunched this year with FTSE Group. Since then we have worked with FTSE to develop a series of indices which provide investors with industry standard benchmarks for the environmental sector.”

The FTSE Environmental Opportunities All Share Index is made up of 450 constituents and covers alternative energy and energy efficiency, water treatment and pollution control and waste technologies and resource management companies. Selected constituents must demonstrate that a minimum of 20% of their business comes from environmental markets or technologies.

The Gold Standard and Climate Change Awards are run by Incisive Media. The ceremony was held at the House of Commons on Tuesday 25th November. Judges included: Dr Bill McGuire, Professor of Geophysical Hazards at UCL, Peter Holden, Director of Holden & Partners, climate change specialist advice firm, James Murray, editor of BusinessGreen; and Lawrence Gosling, editorial director of Investment Week, Professional Adviser, and IFAonline.

About Impax Group plc

Impax Group plc (“Impax”) was founded in 1994 as a specialist finance house focusing on the markets for cleaner or more efficient delivery of basic services of energy, water and waste. These markets are expanding rapidly, as business and political leaders encourage the development of cleaner products and services in response to the increasing pressures placed on the environment.

Impax's dedicated team of professionals, with many years of experience in the financial and environmental sectors, is ideally placed to understand and take advantage of the investment opportunities arising from the fast growing environmental markets. Impax Asset Management (the trading entity of Impax Group manages assets for institutional and private investors, across a range of listed and private equity funds.

For further information please visit: www.impax.co.uk

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