Directorate Change

Bear Stearns Private Equity Limited
15 October 2007

Bear Stearns Private Equity Limited
15 October 2007

                       BEAR STEARNS PRIVATE EQUITY LIMITED

                                (the 'Company')



In accordance with rule 9.6.11 and 9.6.13 of the Listing Rules of the UK Listing
Authority, it was resolved at the Board meeting of the Company held on 12
October 2007 that the following changes be made to the Company's Board of
Directors, effective 12 October 2007:



That Mr Troy Duncan be appointed as an executive director of the Company and
that the resignation of Mr Paul Sanabria be accepted;



In the past five years Mr Duncan has not been a director of any publicly quoted
companies:



Mr Duncan does not have any unspent convictions; is not the subject of any
bankruptcies or individual voluntary arrangements; has not been a director of
any company which in the previous 12 months has been involved in any
receiverships, compulsory liquidations, creditors voluntary liquidations,
administrations, company voluntary arrangements or any composition or
arrangement with its creditors generally or any class of its creditors; has not
been a partner of any partnership which in the previous 12 months has been
involved in any compulsory liquidations, administrations, receiverships or
partnership voluntary arrangements; and has not been the subject of any public
criticisms by any statutory or regulatory authorities (including designated
professional bodies) and has not been disqualified by a court from acting as a
director of a company or from acting in the management or conduct of the affairs
of any company.



Mr Duncan does not currently hold any shares in the Company.





END


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