Lumicity Limited

Ludgate Environmental Fund Limited

Lumicity Limited

Following the recent announcement by the Department of Energy and Climate Change of a consultation proposing the reduction of the UK solar feed-in tariffs, the Board of Ludgate Environmental Fund Limited will be reviewing the valuation of its investment in Lumicity Limited (£1.3 million as at 30 September 2011) once it has established the effect of the proposals.

For further information contact:

Ludgate Environmental Fund:

Chairman, John Shakeshaft +44 (0)1534 609 233

Ludgate Investments Limited:

Bill Weil +44 (0)20 7621 5770

NOMAD - PricewaterhouseCoopers LLP:

Melville Trimble +44 (0)20 7213 8898

Broker - Matrix Corporate Capital LLP:

Paul Fincham +44 (0)20 3206 7175