Change of Registered Office

Ludgate Environmental Fund Limited

Change of Registered Office

Ludgate Environmental Fund Limited announces that its registered office has changed to Lime Grove House, Green Street, St. Helier, Jersey, JE1 2ST with immediate effect.

30 November 2012

For further information contact:

Ludgate Environmental Fund Limited +44 (0) 1534 609034

John Shakeshaft, Chairman

Ludgate Investments Limited (Advisor) +44 (0) 20 7621 5770

Bill Weil

PricewaterhouseCoopers LLP (Nomad) +44 (0) 20 7212 1798

Chris Clarke

Panmure Gordon (Broker) +44 (0) 20 7866 2713

Paul Fincham