Portfolio Update

Bear Stearns Private Equity Limited
03 January 2008

Company         Bear Stearns Private Equity Limited

Headline           Ten Largest Investments

Bear Stearns Private Equity Limited

HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU

3 January, 2008

Regulatory News Service

London Stock Exchange

London

EC4M 7LS

Dear Sir,



BEAR STEARNS PRIVATE EQUITY LIMITED

Please find detailed below the ten largest investments at 31 December 2007.


Investment                                                   % of net assets
BoS Mezzanine Partners Fund, L.P.*                                  10.57%
Bear Stearns Global Turnaround Fund, L.P.**                          8.05%
Hunter Acquisition Limited                                           4.37%
Alto I/ Development Capital                                          2.73%
Esprit Capital I Fund                                                2.70%
Private Equity Access Fund II Ltd***                                 2.68%
Argan Capital Fund                                                   2.28%
Arysta LifeScience Corporation                                       2.24%
AIG Highstar Capital III Prism Fund, L.P.                            2.14%
Omega Fund III, G.P. Limited                                         1.92%



* Comprised of 8 underlying mezzanine private equity fund interest.

** Comprised of 14 underlying private equity fund interests.

*** Comprised of 12 underlying private equity fund interests.

END


                      This information is provided by RNS
            The company news service from the London Stock Exchange