19 May 2017

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

Investment Adviser

The Board of John Laing Environmental Assets Group Limited ("JLEN" or the "Company") has been notified by John Laing Capital Management ("JLCM"), the investment adviser to the Company, that David Hardy will transfer within JLCM to take on the role as investment adviser to John Laing Infrastructure Fund Limited ("JLIF") following the departure of Andrew Charlesworth, which was announced by JLIF this morning.

Chris Tanner, who has acted as joint lead advisor to JLEN since its launch, will continue to act as the lead adviser to the Company and, while David will assume his new role immediately, he will continue to be involved with JLEN until his replacement is in post.

Richard Morse, Chairman of JLEN, said:

"We wish to thank David for his significant contribution to the success of the Company. Alongside Chris Tanner, David has been involved in leading the management of JLEN since its formation in 2014. We wish him well in his new role and are pleased that David remains within JLCM allowing us to maintain access to his knowledge and experience. The Board is confident that, under the management of Chris Tanner and the wider team at JLCM, the Company's strong performance will continue and JLEN remains well placed for the next phase of growth." 

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