LEF Ludgate

TIDMLEF

RNS Number : 4910W

Ludgate Environmental Fund Limited

27 April 2016

Ludgate Environmental Fund Limited

(the "Company")

NAV Update

The board of the Company announces the net asset value ("NAV") per share of the company on 31(st) March was 33.2p. The material reduction from 45.9p on 31(st) December 2015 was accounted for by weaker than expected operating performance at RAP combined with lowered trading multiples in its comparator group, a similar reduction in multiples for STX and significant corporate and financial reorganisation at Tamar further reducing its deemed value.

For further information contact:

   Ludgate Environmental Fund Limited                      +44 (0) 1534 609034 

John Shakeshaft, Chairman

   Ludgate Investments Limited                                     +44 (0) 20 3478 1000 

Gijs Voskamp

   Panmure Gordon (Broker, Nomad)                           +44 (0) 20 7886 2713 

Paul Fincham

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVEAPLXAFNKEEF

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April 27, 2016 04:22 ET (08:22 GMT)

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