Notification of Major Interest

11 August 2010

Ludgate Environmental Fund Limited (LEF.L)

("Ludgate Environmental" or the "Company")

Notification of Holdings

Ludgate Environmental announces that it has received a notification from South Yorkshire Pensions Authority on 11 August 2010 that it now holds 3,669,094 ordinary shares representing 6.52% of the issued share capital of the Company. 

For further information contact:

Ludgate Environmental Fund Limited +44 (0) 1534 609329

John Shakeshaft, Chairman

Ludgate Investments Limited +44 (0) 20 7621 5770

Nick Pople / Nigel Meir

PricewaterhouseCoopers LLP (Nomad) +44 (0) 20 7213 8898

Melville Trimble

Matrix Corporate Capital LLP (Broker) +44 (0)20 3206 7175

Paul Fincham