Sale of treasury shares

Impax Environmental Markets plc

LEI: 213800RAR6ZDJLZDND86

19 September 2019

Sale of treasury shares

The Board announces that Impax Environmental Markets plc (the "Company") has today sold 250,000 ordinary shares of 10p nominal value from treasury at a price of 314.00p per share, representing a premium to the prevailing net asset value.

Following this sale, the Company's issued share capital will consist of 225,737,355 ordinary shares, including 35,223,109 ordinary shares held in treasury. Each ordinary share entitles the holder to one vote. Ordinary shares held in treasury do not carry voting rights.

The total number of ordinary shares with voting rights in the Company is 190,514,246. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. For the purposes of the FCA's Disclosure Guidance and Transparency Rules, the Company's Home Member State is the United Kingdom.

Enquiries:

Dominic Waters

Investec Bank plc                                                             020 7597 4000

Broker

Anthony Lee / Maria Matheou

PraxisIFM Fund Services (UK) Limited                        020 7653 9690

Company Secretary and Administrator