Proxy Form Deadline Extended

Ludgate Environmental Fund Limited

Deadline extended for receiving completed Proxy Forms

Ludgate Environmental Fund Limited ("the Company") has extended the deadline for receiving completed Proxy Forms by 48 hours in accordance with Jersey Law and the Articles of Association of the Company.

Completed Proxy Forms must be returned to Computershare Investor Services (Jersey) Limited, Queensway House, Hillgrove Street, St Helier, Jersey, JE1 1ES, Channel Islands so as to be received not later than 10am on Saturday 5 November 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