Recommendation to Trustees of EBT

Impax Asset Management Group plc

Recommendation to Trustees of EBT

Impax Asset Management Group plc (the "Company" or "Impax") announces that prior to entering into a close period today, ahead of the release its interim results for the six month period ended 31 March 2017 on Thursday 11 May 2017, it provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012, to continue to acquire Impax ordinary shares of 1p each ("Impax Shares") in the market to satisfy share awards to employees.

The recommendation is subject to a pre-agreed maximum price and general availability of Impax Shares in the market.

Given the low levels of liquidity in Impax Shares, the EBT may be the largest purchaser of Impax Shares on any given day.

As at the date of this announcement the Impax Asset Management Group plc Employee Benefit Trust 2012 owns 17,706,059 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 33,094,412 Impax Shares.

The total number of voting rights in Impax is 127,749,098.

-ENDS-

Enquiries:

Ian Simm

Chief Executive Tel: + 44 (0) 20 7434 1122 (switchboard)

Impax Asset Management Group plc

Norfolk House, 31 St James's Square,

London, SW1Y 4JR

www.impaxam.com

Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)

Head of Brand & Communications Tel: +44 (0) 20 7432 2602 (direct)

Impax Asset Management Group plc Tel: +44 (0) 7881 249612 (mobile)

Norfolk House, 31 St James's Square,

London, SW1Y 4JR Email: [email protected]

www.impaxam.com

Guy Wiehahn Tel: +44 (0) 20 7418 8893Nominated Adviser and BrokerPeel Hunt LLP