Disclaimer

IMPORTANT INFORMATION

It is important that you read this notice carefully before proceeding further. It contains legal and regulatory statements relevant to the information contained on this website. By accessing this website, you agree to be bound by the terms and conditions below. When you have read the following information, please click on "I agree" to acknowledge that you have read and understood the information.

This section of the website is for professional clients and eligible counterparties only, within the meaning of the rules of the Financial Conduct Authority. Consequently, the content of this section of the website is intended for use only by persons having professional experience in matters relating to investments and must not be accessed or relied upon by retail clients. By clicking “I Agree” at the end of this page, you confirm that you are a professional client and/or an eligible counterparty.

None of the information published or made available via this website is intended to be published or made available in any jurisdiction where to do so would result in the breach of any applicable law or regulation in that jurisdiction. This section of the website is not directed at you if we are prohibited by any law of any jurisdiction from making the information on this section of the website available to you. You should satisfy yourself before accessing this section of the website that we would be allowed to advertise investments and investment services to you under the laws and regulations of your jurisdiction. This section of the website is not for use by "US Persons". A "US Person" is defined by US laws and regulations in force from time to time. If you are resident in the US, or as a corporation or other entity are organised under US law or administered by or operated for the benefit of a legal or natural US person, you should take professional advice to determine whether you are a US Person and you should not access this section of the website until you are sure that you are not a "US Person".

Under no circumstances should any information contained in this website be regarded as an offer or solicitation to deal in investments in any jurisdiction including, but not limited to, the United States of America. In particular, the shares of Impax Environmental Markets plc are not registered under United States securities laws and, subject to certain limited exceptions, may not be offered, sold, transferred or delivered in the United States or to US persons.

You should be aware that past performance is no guarantee of future performance. The price of investments and the income from them can fall as well as rise and may be affected by exchange rate movements between currencies. An investor may not get back the amount invested, unlike savings accounts in banks or building societies where the capital may be guaranteed. The price of the shares in investment trusts is determined by the supply and demand, and is not therefore necessarily the same as the value of the underlying assets.

Nothing in this website should be regarded as investment advice. If you are unsure as to whether the investments described in this site are suitable for you, we strongly recommend that you seek professional advice from a financial adviser. Persons should consult their professional advisers as to whether they require any governmental or other consents in order to invest in the products described on this website. References in this website to specific securities should not be taken as a recommendation to buy or sell those securities, but are included for the purposes of illustration and/or information only.

Although reasonable care has been taken to ensure that the information set out herein is accurate, no representation or warranty, express or implied, is made as to its accuracy or completeness. Information on this website may be changed without prior notice. Neither Impax Environmental Markets plc, Impax Asset Management (AIFM) Limited nor any of their affiliates accepts any liability for any loss, either direct or indirect, incidental or consequential, arising out of any information on this site not being true and accurate. These disclaimers do not restrict or exclude any duties or liabilities which may exist under the Financial Services and Markets Act 2000 or applicable UK regulations.

This website may contain or link to content which is generated by third parties. Impax Environmental Markets plc has not approved such third party content and accepts no responsibility or liability for that content. Following links to any other websites shall be entirely at your own risk.

The information on this website is confidential and is protected under copyright law. No information or material contained on this site may be reproduced, distributed, transmitted, displayed or commercially exploited without the written consent of Impax Environmental Markets plc.

This website is operated by Impax Asset Management Group plc and its affiliates. Impax Asset Management (AIFM) Limited is authorised and regulated by the Financial Conduct Authority, and has issued and approved the information in this website relating to itself and its customers.

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SHARE PRICE	CHANGE:	AUM:
	-1.00% (03:00 PM on 23.07.14)	£476m	INVESTOR RELATIONS

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Specialists strategy - Quarter 1, 2014