Executive Summary

Impax Group plc is a financial advisory and asset management Company. The focus of the Group is the provision of financial services within the environmental markets sector, particularly alternative energy, waste management and watertreatment. Impax has two subsidiaries: asset management and corporate finance advisory. Impax Asset Management Limited :- Impax Asset Management Limited (\IAM\) provides fund management and advisory services within the environmental markets sector and isauthorised and regulated by the Financial Services Authority. Impax Capital Limited :- Established in 1994, Impax Capital Limited (\Impax Capital\) is a corporate finance advisory house providing M&A, valuation and project finance advisory services tosmall, medium and large sized companies across the environmental markets sector. Impax Capital has a proven track record of deal closures and significant experience both in valuing companies in the environmental markets sector and in assisting largercorporates to enter the sector. The Company is authorised and regulated by the Financial Services Authority as a corporate finance adviser.

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