Notice of AGM

Ludgate Environmental Fund Limited ("the Company")Notice of AGM

Ludgate Environmental Fund Limited announces that the Annual General Meeting ("AGM") of the Company will be held on 14 November 2014 at 10 a.m. at Lime Grove House, Green Street, St Helier, Jersey, JE1 2ST, Channel Islands. The Notice of AGM has today been sent to shareholders and an electronic copy is available on the Company's website at www.ludgateenvironmental.com.

29 October 2014

For further information contact:

Ludgate Environmental Fund Limited +44 (0) 1534 609034John Shakeshaft, Chairman

Ludgate Investments Limited +44 (0) 20 3478 1000Bill Weil

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

Panmure Gordon (Broker) +44 (0) 20 7886 2713Paul Fincham