Impax Asset Management Regulatory News (IPX)

Impax Asset Management Group plc

Distribution agreements

Impax Asset Management Group plc (the "Company") is pleased to announce that its subsidiary, Impax Asset Management Limited ("IAM"), has entered into a new distribution agreement with Fidante Partners Limited ("Fidante Partners"). Going forward, Fidante Partners will be IAM's exclusive distribution partner in Australia and New Zealand.

Part of Challenger Limited (ASX:CGF), Fidante Partners focuses particularly on partnering with specialist asset managers and is well-positioned to support Impax's future growth aspirations in both the institutional and wholesale market in Australia and New Zealand.

IAM and Fidante Partners will work with the Company's previous distribution partner in Australia, BNP Paribas Asset Management Australia Limited ("BNPP AM Australia"), to ensure an orderly transition. As part of this transition, IAM has entered into a new agreement with BNPP AM Australia to manage the share of client fees between Fidante Partners and BNPP AM Australia over the next 12 months.

Separately, the Company is pleased to announce a new client mandate that has been introduced by BNP Paribas Asset Management Nederland N.V. (BNPP AM NL) as part of the ongoing distribution agreement between the Company and BNP Paribas Asset Management Holding in a number of international markets. The introductory fee arrangements between BNPP AM NL and the Company are a small variation to those set out in the distribution agreement announced by the Company on 28 October 2020, formalised by an agreement between BNPP AM NL and the Company.

BNPP AM Australia and BNPP AM NL are affiliates of BNP Paribas Asset Management Holding ("BNPP"). As BNPP is a substantial shareholder of the Company, as defined under the AIM Rules, and BNPP AM Australia and BNPP AM NL are associates of BNPP, as defined under the AIM Rules, the entry into these agreements constitute related party transactions under Rule 13 of the AIM Rules.

The independent directors of the Company, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the transactions to be fair and reasonable insofar as the Company's shareholders are concerned.

Independent directors in relation to the matter are all of the directors of the Company except Arnaud de Servigny who is not considered independent because of his role as non-executive director at BNP Paribas Asset Management France.

LEI number: 213800AJDNW4S2B7E680

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Notes to Editors - About Impax Asset Management

Impax Asset Management manages or advises on both listed and private markets strategies. The Company's investments are based on the strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. Impax expects that these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies. Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition and guides the search for investments that will deliver long term outperformance.

For further information please visit www.impaxam.com.

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided and links from it should not be relied upon for investment purposes.