Notice of AGM

Ludgate Environmental Fund Limited

Notice of the Annual General Meeting

Posting of Annual Report and Financial Statements for the year ended 30 June 2011

Ludgate Environmental Fund Limited ("the Company") announces that its Annual Report and Financial Statements for the year ended 30 June 2011 and Notice convening the Annual General Meeting of the Company to be held at 22 Grenville Street, St Helier, Jersey, JE4 8PX, Channel Islands on 7 November 2011 at 10 a.m. (UK), were dispatched to shareholders yesterday, 20 October 2011.

For further information contact:

Ludgate Environmental Fund:

Chairman, John Shakeshaft +44 (0)1534 609 233

Ludgate Investments Limited:

Bill Weil +44 (0)20 7621 5770

NOMAD - PricewaterhouseCoopers LLP:

Melville Trimble +44 (0)20 7213 8898

Broker - Matrix Corporate Capital LLP:

Paul Fincham +44 (0)20 3206 7175