AIM Admission

6 August 2010

Ludgate Environmental Fund Limited (LEF.L)

("Ludgate Environmental" or the "Company")

Admission to trading on AIM of 10,293,365 New Participating Shares

Ludgate Environmental announces today that following allotment, 10,293,365 New Participating Shares have been admitted to trading on AIM of the London Stock Exchange. The total number of Participating Shares in issue is now 56,259,784.

For further information contact:

Ludgate Environmental Fund Limited +44 (0) 1534 609000

John Shakeshaft, Chairman

Ludgate Investments Limited +44 (0) 20 7621 5770

Nick Pople / Nigel Meir

PricewaterhouseCoopers LLP (Nomad) +44 (0) 20 7213 8898

Melville Trimble

Matrix Corporate Capital LLP (Broker) +44 (0)20 3206 7175

Paul Fincham

Shared Value +44 (0) 20 7321 5038

Paul Edsinger