Performance at month end
January 08 2004 - 5:11AM
UK Regulatory
RNS Number:9954T
Impax Environmental Markets PLC
08 January 2004
IMPAX ENVIRONMENTAL MARKETS plc
All information is at 31 December 2003 and unaudited
DATA AND PERFORMANCE
Data Pricing & Performance
Price (pence) 55.5 IEM MSCI Impax
Net Asset Value World ET50
Total Fund Size (m) 33.1 Pence (31.12.03) 66.3 n/a n/a
Management fee 1.0%
Established 22 February 2002 Performance
Fund structure Investment Trust 1 month (%) +1.1% +2.0% +2.2%
Number of stocks 56 3 Months (%) +5.2% +5.7% +4.9%
held
Exchange London 1 year (%) +21.7% +17.6% +18.3%
Currency GBP Year to date (%) +21.7% +17.6% +18.3%
ISIN Number GB0031232498
Sedol 3123249
Reuters RIC Code IEM.L
Bloomberg Code IEM LN
TOP TEN HOLDINGS
Company Holding % Description Country
RPS Group 4.3 Environmental consulting UK
Casella Waste 3.9 Waste disposal & recycling US
BWT 3.7 Water treatment Austria
Vestas Wind Systems 3.6 Wind Denmark
Wedeco 3.6 UV disinfection Germany
Ionics 3.4 Water treatment US
Tetra Tech 3.4 Environmental consulting US
Hydrogenics 3.2 Fuel cells Canada
Shanks 2.8 Waste management UK
Trojan Tech 2.7 UV disinfection Canada
Total 34.6
PORTFOLIO ANALYSIS*
Geographical Company Size
North America 53% >#500m 22%
Europe 41% #100-500m 57%
Rest of the World 6%