Result of EGM

Ludgate Environmental Fund Limited (the "Company")Result of EGM

Ludgate Environmental Fund Limited is pleased to announce that at the Extraordinary General Meeting of the Company held today, all resolutions put to shareholders in connection with the extension of the Company's life to 30 June 2018, the revision of the Company's investing policy and the amendments to the investment advisory agreement, were duly passed.

For further information contact:

Ludgate Environmental Fund Limited +44 (0) 1534 609034

John Shakeshaft, Chairman

Ludgate Investments Limited +44 (0) 20 3478 1000

Bill Weil, Chief Investment Officer

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

Chris Clarke

Panmure Gordon (Broker) +44 (0) 20 7866 2713

Paul Fincham