JLEN.L Regulatory News (JLEN)

18 August 2016

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Net Asset Value and Dividend announcement

JLEN, the listed environmental infrastructure fund, announces its unaudited Net Asset Value ("NAV") as at 30 June 2016 and interim dividend for the quarter ended on that date.

The Company's unaudited NAV as at 30 June 2016 was £252.9 million or 97.1 pence per share, compared to £216.9 million or 96.7 pence per share as at 31 March 2016.

Short term electricity prices increased over the June quarter leading to an improvement in the NAV calculations for the period. This short term improvement is offset by a slight reduction in forecasts for longer term energy prices from an established market consultant.

Availability across the environmental processing assets and the renewables portfolio during the last quarter has generally been good, with some technical issues experienced at Branden solar now resolved. Generation for the renewables portfolio during the quarter was below budget owing to both low wind resource and irradiation levels being experienced. The waste management and wastewater treatment facilities were at or ahead of budgeted volumes. 

The Company also announces a quarterly interim dividend of 1.54 pence per share for the period from 1 April 2016 to 30 June 2016, in line with the dividend target set out in the 2016 Annual Report.

Dividend Timetable

Ex-dividend date 25 August 2016

Record date 26 August 2016

Payment date 23 September 2016

For further details contact:

John Laing Capital Management Limited 020 7901 3559

David Hardy

Chris Tanner

Winterflood Investment Trusts 020 3100 0000

Neil Langford

Chris Mills

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

JLEN aims to provide investors with an annual dividend per share, initially of 6.0 pence, that increases progressively in line with inflation from 1 April 2015. The target dividend for the year to 31 March 2017 is 6.14 pence per share being the initial target of 6.0 pence per share adjusted for inflation.

Further details of the Company can be found on its website www.jlen.com