Director Declaration

Bear Stearns Private Equity Limited
08 November 2006

Bear Stearns Private Equity Limited
HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU



08th November 2006


Regulatory News Service
London Stock Exchange
London
EC4M 7LS


Dear Sir,

Director Declaration

Listing Rule 9.6.14

Change in Director's Details

In compliance with Listing Rule 9.6.14, Bear Stearns Private Equity Limited
announces that since the publication of the Company's Prospectus dated 21 June
2005, the Company has been notified of the following changes in directorships
held by its directors:


Mr Christopher Spencer, a Director, has joined the Board of Directors of Queen's
Walk Investments Limited, Psolve Alternatives PCC Limited and Kenmore European
Industrial Fund Limited, each of which is listed on the London Stock Exchange,
and Thames River Tybourne Fund Limited, which is listed on the Irish Stock
Exchange. Mr Spencer has resigned from the Board of Directors of Gartmore SICAV,
which is listed on the Luxembourg Exchange.


Mr Trevor Ash, a Director, has joined the Board of Directors of ING UK Real
Estate Income Trust Limited and ING Global Real Estate Securities Limited, both
of which are listed on the London Stock Exchange; Economic Lifestyle Property
Investment Company Limited which is listed on the Channel Islands Stock Exchange
and Cazenove UK Dynamic Absolute Return Fund Limited, Cazenove Leveraged UK
Equity Absolute Return Limited, Cazenove Worldwide Absolute Return Fund Limited,
Thames River Tybourne Fund Limited and Absolute Insight Bond Fund Limited, all
of which are listed on the Irish Stock Exchange.  Mr Ash has resigned from
Framlington Global Financial and Income Fund Limited, Framlington Global
Financial and Income Securities Limited, Govett Asian Income and Growth Fund
Limited, Henderson Absolute Return Fund Limited, Thames River Topaz Fund Limited
and Thames River Garret Fund Limited all of which are in voluntary liquidation.
Mr Ash has also resigned from Long Invest Capital Limited, Long Invest PCC
Limited, Long Invest Portfolio Limited, Quantiva Investment Management Limited
and NM Rothschild & Sons C.I. Limited.


There is no further information required to be disclosed under Listing Rule
9.6.14



END.


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