AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules

Description of the business
Please follow the links for information about Ludgate Environmental Fund and our Statement of Investment Policy.

Directors' biographies and responsibilities
Please follow the link below for the names of the directors and brief biographical details of each.
Board of Directors
Corporate Governance

Country of incorporation and main country of operation
Country of incorporation and operations is Jersey.

Constitutional Documents
Please follow the links for the Memorandum and Articles of Association and the companies Admission document.

Rights of shareholders
The rights of shareholders are subject to Jersey Law and the Articles of Association of the Fund. These may vary from the rights of shareholders in a UK incorporated company.

Details of any other exchanges or trading platforms
The Company is not listed on any other exchanges or trading platforms other than AIM.

Number of securities in issue
Number of shares in issue 56,259,784
Number of warrants in issue 6,683,775
(As at 12 September 2011)

Company Shareholdings
The Company has been notified, in accordance with the Disclosure and Transparency Rules, of the following shareholdings amounting to 3.0 percent or more of the ordinary capital of the Company:

(Last updated: 11/10/2011. Shareholder tables are updated as and when changes to the holdings are announced on the London Stock Exchange and in Annual Reports.)

Percentage of the Company's issued share capital that is not in public hands
In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 53.57 percent.
(Last updated: 11/10/2011)

Details of any restrictions on the transfer of securities
All transfers of shares shall be effected by transfer in writing in any usual or common form or such other form as the Fund's directors may allow, including, but not limited to uncertificated transfers in accordance with the CREST regulations. Every form of transfer shall state the full name and address of the transferor and transferee.

Subject to certain exceptions described below, fully paid shares will be free from any restriction on the right to transfer. Where shares are held in uncertificated form, a shareholder may transfer such shares in accordance with the CREST regulations and the directors of the Fund shall have power to implement such arrangements as they may in their absolute discretion think fit for such transfer, subject always to the CREST regulations.

The Fund's directors may decline to register any transfer of shares to any person where the transfer would, if registered, cause the assets of the Fund to be considered "plan assets" within the meaning of the Employee Retirement Income Security Act of 1974 or the aggregate number of U.S. Persons who are beneficial holders owners of shares in the Fund to exceed 80.

The registration of transfers may be suspended at such times and for such periods as the directors of the Fund determine, provided that such suspension shall not be for more than 30 days in any year. For so long as shares in the Fund are listed on AIM, any such discretion may not be exercised in such a way as to prevent dealings in the shares (or any particular class of the shares) taking place on an open and proper basis.

Please follow the link below for access to the Company's annual and interim reports.
Results
(Last updated: 11/02/2011)

Company announcements
Please follow the link below to access notifications made by the Company in the past 12 months.
Regulatory Announcements
(Last updated: Updated as and when announcements are published on the London Stock Exchange.)

Advisers
Please follow the link below for details of the Company's Nominated Adviser and other key advisers.
Advisers
Investment Adviser
(Last updated: 10/10/2011)