ECWO.L Regulatory News (ECWO)

ECOFIN WATER & POWER OPPORTUNITIES PLC

It is announced that at the close of business on 31 July 2013, the un-audited Net Asset Values per Ordinary Share and ZDP Shares of the above investment trust company were:-

Share Class

NAV (p)

NAV (p)

Increase / (Decrease)

Absolute movement

(exc. undistributed revenue)

(inc. undistributed revenue)

 (inc. undistributed revenue) %

(inc. undistributed revenue) pence

Ordinary Shares

165.45

169.16

2.24

3.71

Ordinary Shares (dilutive)*

n/a

n/a

n/a

n/a

ZDP Shares

130.38

130.38

0.13

0.17

\* The Company's 6% Convertible Unsecured Loan Stock 2016 in issue will not necessarily dilute the Ordinary Shares' Net Asset Value but may do so. Where no dilution of NAV takes place the value boxes on this line will show "not applicable". A diluted NAV assumes that the 6% Convertible Unsecured Loan Stock has been converted at the conversion price of 172.6445p.

Fund Values (rounded)

£ '000

£ '000

Total Assets (less cash at bank)

525,688

Cash at Bank

15,487

Total Assets

541,175

Borrowings:

Prime Brokerage

28,718

6% CULS 2016

79,314

ZDP Shares

78,231

186,263

Net Assets (Ordinary Shareholders Funds)

354,912

Gearing (net debt/net assets) *

48.1%

Net debt is bank debt, the Convertible Unsecured Loan Stock and the Zero Dividend Preference Shares, less cash at bank

Notes:

The total assets of the Company include approximately £28.5m in bonds. Adjusted for this, the total equity exposure of the Company is 140.1% of net assets.

Phoenix Administration Services Limited

Corporate Secretary