Statement re Exercise of Put Rights And Amendme...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART TO US PERSONS OR, IN, INTO OR WITHIN THE UNITED STATES (INCLUDING ITS
            TERRITORIES AND POSSESSIONS), CANADA, AUSTRALIA OR JAPAN

                   HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED

                      NOTICE TO THE HOLDERS OF PUT RIGHTS

               EXERCISE OF PUT RIGHTS AND AMENDMENT TO TERMS AND
                            CONDITIONS OF PUT RIGHTS

Except  where otherwise  defined, the  defined terms  in this  announcement (the
"Announcement")  shall be given the same meaning as set out in the announcements
made by the Company on 13 April 2010, 13 May 2010 and 18 May 2010.


21 October 2011

HarbourVest  Global  Private  Equity  Limited  ("HVPE"  or  the "Company") today
reminds  the holders  of Put  Rights issued  by the  Company pursuant to its Put
Offer  and Market Put Right Offer, as announced on 13 May 2010 and 18 May 2010,
respectively, that the Exercise Date in respect of the Put Rights is 15 November
2011.

The  holders of Put  Rights are entitled  to sell their  class A ordinary shares
("Shares")  back to the Company on 15 November 2011 at the lower of $5.75 or the
estimated Economic NAV per share on 31 October 2011 (the "Exercise Price").

The  latest Economic  NAV per  Share as  at 30 September  2011 was US$11.02. The
holders  of Put Rights should  note that the Company  will publish neither a new
Economic  NAV nor the  estimated NAV per  share on 31 October  2011 prior to the
Exercise Date.

The  holders of Put Rights should note the  revised time and date (see below) by
which  they  must  submit  their  Put  Right  Exercise  Notice  to the Company's
Registrar in order to exercise their Put Rights.

Put Right Exercise Notice

In  accordance with  terms and  conditions of  the Put  Rights, the Board hereby
notifies  the holders who wish to exercise their Put Rights that their Put Right
Exercise  Notice must be received  by the Company's Registrar  by not later than
17H00 (GMT) on 7 November 2011. The holders of Put Rights should note that, once
lodged,  a Put Right Exercise Notice shall be irrevocable (save with the consent
of the Company).

The  holders of  Put Rights  are advised  to contact  the Company at HVPE@anson-
group.com should they wish to be sent a Put Right Exercise Notice to complete.

Except  for the  time and  date by  which the  Put Right Exercise Notice must be
received by the Company's Registrar (as detailed above), the exercise of the Put
Rights  will be in  accordance with the  terms and conditions  of the Put Rights
announced by the Company on 13 May 2010 and 18 May 2010.

For further information, please contact:

J.P. Morgan Cazenove           Tel: [phone]
William Simmonds

Oriel Securities Limited                                             Tel: +44
(0)20 7710 7600
Joe Winkley
Neil Langford

 HarbourVest

 Laura Thaxter                      Tel: [phone]

                                    [e-mail]

 Fishburn Hedges

 Alastair Fairbrother/Jason Nisse   Tel: [phone]
                                    [e-mail]


Important Notes:

Details in respect of the exercise of Put Rights

Shares in respect of which a valid Put Right Exercise Notice is submitted to the
Company's  Registrar by  not later  than 17H00 (GMT)  on 7 November 2011 will be
repurchased  by  the  Company  at  the  Exercise  Price  on the Exercise Date in
accordance with the terms and conditions of the Put Rights.

Further information on the exercise of the Put Rights will be set out in the Put
Right  Exercise Notice which can  be obtained by the  holders of Put Rights from
the Company at [e-mail].

As previously disclosed, HVPE is now using Economic NAV as its primary reporting
metric  for its Monthly Updates and  management analysis.  Economic NAV excludes
the  fair value of  the liability arising  as a result  of the issue  of the Put
Rights  as  part  of  the  Company's  Liquidity  Plan,  and  represents the most
conservative  outcome upon the maturity of the Put Rights.  The Company believes
that  this is the most  appropriate measure of economic  value to holders of the
Shares.

About the Company

HVPE  is a Guernsey-incorporated closed-end investment company designed to offer
shareholders  long-term capital  appreciation by  investing in  a private equity
portfolio  diversified by geography,  strategy, vintage year  and industry. HVPE
invests  in  and  alongside  HarbourVest-managed  funds  which  focus on primary
partnership  commitments,  secondary  investments,  and  direct  investments  in
operating  companies. HVPE is managed by HarbourVest Advisers L.P., an affiliate
of  HarbourVest Partners,  LLC, a  leading private  equity fund-of-funds manager
which  has committed more than US$30  billion to private equity investments over
its 29- year history.

This  Announcement (including its appendices) has been approved for issue in the
UK  for the purposes of section 21 of  the UK Financial Services and Markets Act
2000 ("FSMA")  by HarbourVest Partners (UK)  Limited ("HarbourVest UK") which is
authorised and regulated by the UK Financial Services Authority (the "FSA").

This  Announcement is for  information purposes only  and does not constitute or
form  part of any  offer to issue  or sell, or  the solicitation of  an offer to
acquire,  purchase  or  subscribe  for,  any  securities in any jurisdiction and
should  not be relied upon  in connection with any  decision to exercise any Put
Rights. In particular, this Announcement does not constitute or form part of any
offer  to issue or sell, or the solicitation of an offer to acquire, purchase or
subscribe  for, any securities in the United States or to US Persons (as defined
in Regulation S under the US Securities Act of 1933, as amended (the "Securities
Act" and such persons, "US Persons")). Neither this Announcement nor any copy of
it  may be taken, released, published  or distributed, directly or indirectly to
US  Persons  or  in  or  into  the  United States (including its territories and
possessions),  Canada, Australia or Japan, or any jurisdiction where such action
would  be  unlawful.  Accordingly,  recipients  represent  that they are able to
receive  this  Announcement  without  contravention  of  any applicable legal or
regulatory  restrictions in  the jurisdiction  in which  they reside  or conduct
business.  No  recipient  may  distribute,  or make available, this Announcement
(directly  or indirectly) to  any other person.  Recipients of this Announcement
should  inform themselves about and observe any applicable legal requirements in
their jurisdictions.

The Put Rights may not be exercised, directly or indirectly, by use of the mails
of, or by any means or instrumentality (including, without limitation, facsimile
transmission,   telex,   telephone,   e-mail   and  other  forms  of  electronic
transmission)  of  interstate  or  foreign  commerce  of,  or  any facility of a
national  securities exchange  of, the  United States  or by  persons located or
resident  in the United States. Accordingly, copies of this Announcement and any
other  documents or materials relating to the Put  Right are not being, and must
not  be, directly or indirectly, mailed or otherwise transmitted, distributed or
forwarded  in or into the United States or to persons located or resident in the
United  States. Any purported exercise  of the Put  Rights resulting directly or
indirectly  from a violation of these  restrictions will be invalid and exercise
made  by a person located in the United  States or any agent, fiduciary or other
intermediary  acting  on  a  non-discretionary  basis  for  a  principal  giving
instructions  from  within  the  United  States  will  not  be accepted. For the
purposes  of this paragraph, "United States" means the United States of America,
its  territories and possessions, any state of  the United States of America and
the District of Columbia.

This  Announcement is for information purposes only and is addressed only to and
directed  only at persons  whose ordinary activities  involve them in acquiring,
holding,  managing and disposing of investments  (as principal or agent) for the
purposes of their business, who have professional experience in matters relating
to  investments and who  are: (a) outside  the UK to  whom this Announcement may
lawfully  be addressed; or (b)  in a member state  of the European Economic Area
("EEA")  (other than  in the  UK) and  who are "qualified investors" ("Qualified
Investors") within the meaning of article 2(1)(e) of the EU Prospectus Directive
(Directive   2003/71/EC) (the   "Prospectus   Directive")   and   to  whom  this
Announcement  may otherwise lawfully be addressed; or  (c) are in the UK and are
"qualified  investors" within  the meaning  of section  86(7) of FSMA;  all such
persons together referred to as "Relevant Persons".

This  Announcement must  not be  acted on  or relied  on by  persons who are not
Relevant Persons. Persons distributing this Announcement must satisfy themselves
that  it is lawful to do so. Any investment or investment activity to which this
Announcement  relates is available only to  Relevant Persons and will be engaged
in only with Relevant Persons.

This  Announcement has been prepared by  the Company and its investment manager,
HarbourVest  Advisers L.P.  (the "Investment  Manager"). No liability whatsoever
(whether in negligence or otherwise) arising directly or indirectly from the use
of this Announcement is accepted and no representation, warranty or undertaking,
express  or implied, is or will be  made by the Company, the Investment Manager,
HarbourVest  UK,  the  Joint  Brokers  or  any  of  their  respective directors,
officers,  employees, advisers,  representatives or  other agents ("Agents") for
any  information or  any of  the opinions  contained herein  or for  any errors,
omissions  or misstatements. None of the Investment Manager, HarbourVest UK, the
Joint Brokers nor any of their respective Agents makes or has been authorised to
make  any representation or  warranties (express or  implied) in relation to the
Company  or as to the  truth, accuracy or completeness  of this Announcement, or
any  other written or oral statement  provided. In particular, no representation
or warranty is given as to the achievement or reasonableness of, and no reliance
should  be placed on any projections,  targets, estimates or forecasts contained
in  this Announcement and nothing in this Announcement is or should be relied on
as  a promise  or representation  as to  the future.  Other than  as required by
applicable laws, the Company gives no undertaking to update this Announcement or
any  additional  information,  or  to  correct  any inaccuracies in it which may
become apparent and the distribution of this Announcement shall not be deemed to
be  any  form  of  commitment  on  the  part  of the Company to proceed with any
transaction.

Any  holder of a Put Right is responsible for making their own assessment of the
merits of exercising their Put Right and will be deemed to acknowledge and agree
that  they have not been advised in respect of the exercise (or non-exercise, as
the  case may be) of their Put Right by the Company, HarbourVest UK or the Joint
Brokers, or any of their respective affiliates.

J.P.  Morgan  Securities  Ltd.  (which  conducts  its  UK investment banking and
corporate broking business as J.P. Morgan Cazenove) and Oriel Securities Limited
are  acting for  the Company  in connection  with the  matters described in this
Announcement  and (unless otherwise agreed expressly)  no one else, and will not
be  responsible to anyone  other than the  Company for providing the protections
afforded  to clients of J.P. Morgan  Securities Ltd. or Oriel Securities Limited
or for providing advice to any other person in connection therewith.

HarbourVest  Global Private  Equity Limited  is registered  with the Netherlands
Authority  for the Financial Markets as a collective investment scheme which may
offer  participations  in  The  Netherlands  pursuant  to  article  2:66 of  the
Financial  Markets  Supervision  Act  (Wet  op  het  financieel  toezicht).  All
investments  are subject  to risk.  Past performance  is no  guarantee of future
returns.  Prospective investors are advised to seek expert legal, financial, tax
and  other professional advice before making  any investment decision. The value
of  investments may fluctuate. Results achieved in  the past are no guarantee of
future results.

This  Announcement  is  issued  by  the  Company,  which  is registered with the
Netherlands  Authority for the Financial Markets and whose registered address is
at Anson Place, Mill Court, La Charroterie, St Peter Port, Guernsey GY1 1EJ.

© 2011 HarbourVest Global Private Equity Limited. All rights reserved.







This announcement is distributed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: HarbourVest Global Private Equity Limited via Thomson Reuters ONE

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