Distribution agreement

Impax Asset Management Group plc

Distribution agreement

Impax Asset Management Group plc (the "Company") is pleased to announce a new client mandate that has been introduced by BNP Paribas Asset Management Japan Limited ("BNPP AM Japan") as part of the ongoing distribution arrangement between the Company and BNP Paribas Asset Management Holding in a number of international markets. The introductory fee arrangements between BNPP AM Japan and the Company are a small variation to those set out in the distribution agreement announced by the Company on 28 October 2020, formalised by an agreement between BNPP AM Japan and the Company's subsidiary Impax Asset Management Limited.

BNPP AM Japan is an affiliate of BNP Paribas Asset Management Holding ("BNPP"). As BNPP is a substantial shareholder of the Company, as defined under the AIM Rules, and BNPP AM Japan is an associate of BNPP, as defined under the AIM Rules, the entry into this agreement constitutes related party transaction under Rule 13 of the AIM Rules.

The independent directors of the Company, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the transactions to be fair and reasonable insofar as the Company's shareholders are concerned.

Independent directors in relation to the matter are all the directors of the Company except Arnaud de Servigny who is not considered independent because of his role as non-executive director at BNP Paribas Asset Management France.

LEI number: 213800AJDNW4S2B7E680

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Notes to Editors - About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with £37.9 billion as of 31 December 2021 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.

Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.

The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.

Impax has ca. 220 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector's largest investment teams dedicated to sustainable development.

www.impaxam.com 

For further information please visit www.impaxam.com.

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided and links from it should not be relied upon for investment purposes.