NAV as at 30 September 2010

Ludgate Environmental Fund: NAV Update 

Ludgate Environmental Fund announces that as at 30th September 2010 the unaudited Net Asset Value per Share of the Company was 98.6p (at 30th June 2010: 96.8p net of dividend paid of 1.65p).

About Ludgate Environmental Fund:

The Investment Policy of Ludgate Environmental Fund Limited (the "Company") is to provide capital growth and return through investment in a diverse portfolio of securities issued by cleantech companies over the expected life of the Company.

The cleantech sector includes companies whose businesses operate in the following areas:

• Energy efficient and alternative energy resources;

• Water treatment and management;

• Waste management and recycling (resource recovery);

• Industrial process advances; and

• Emission reduction technologies.

LEF was launched in August 2007 and further fundraisings have seen assets increase to approximately £55 million. LEF is a Jersey domiciled closed-ended investment company, quoted on AIM under the symbols LEF.L for the shares and LEFW.L for the warrants.

Website: www.ludgateenvironmental.com 

Ludgate Environmental Fund

John Shakeshaft +44 (0)1534 609329  

Ludgate Investments Limited

Nigel Meir +44 (0)20 7621 5770

Media Enquiries

Shared Value Limited

Andrew Best / Peter Edsinger +44 (0)20 7321 5038

NOMAD

PricewaterhouseCoopers LLP

Melville Trimble +44 (0)20 7583 5000

Broker

Matrix Corporate Capital LLP 

Paul Fincham +44 (0)20 3206 7175