Proposed Fundraising

Bear Stearns Private Equity Limited
25 January 2006


Company     Bear Stearns Private Equity Limited

Headline     Proposed Fundraising

Bear Stearns Private Equity Limited

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

25 January 2006

Regulatory News Service

London Stock Exchange

London

EC4M 7LS

Dear Sir,

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA

BEAR STEARNS PRIVATE EQUITY LIMITED - FURTHER ISSUE OF SHARES

The Company announces that it has published a prospectus relating to a Placing
of New Equity Shares and New Zero Dividend Preference Shares.

The Placing Price of per New Equity Share is $1.114, being the NAV per existing
Equity Share as estimated by the Directors as at 31 December 2005 of $1.08, but
increased by such amount as to allow for the estimated costs and expenses of the
Placing.

The Placing Price per New ZDP Share is 44.3 pence, representing a Redemption
Yield of 7.0 per cent. based on the Final Capital Entitlement per New ZDP Share
of 73.0 pence. The Final Capital Entitlement is not a guaranteed repayment
amount.

New Packaged Units are being offered at the aggregate of the Placing Price per
new Equity Share and the Placing Price per new Zero Dividend Preference Share,
being 107.6 pence or $1.894.

The estimated costs and expenses represent 2.65% of the proceeds of the Placing.

Bear Stearns & Co. Inc., Bear Stearns International Limited and HSBC Bank plc
have been appointed as principal placing agents in respect of the New Equity
Shares and Packaged Units. Winterflood Securities have been appointed as placing
agents in respect of the New Zero Dividend Preference Shares.


Expected Timetable

2006


Latest time and date for receipt of Placing commitments

3 February


Results of Placing announced

7 February


Dealings in New Shares commence on the London Stock Exchange

8 February


CREST stock accounts credited

8 February


Certificates for shares despatched

Week commencing 13 February



Copies of the prospectus may be obtained free of charge from the registered
office of the Company and from:
                                     Bear Stearns Asset
    HSBC Bank plc
                                     Management Limited
    8 Canada Square
                                     45 Old Bond Street
    London
                                     London W1S 4QT
    E14 5HQ
                                     United Kingdom
United Kingdom


In addition, copies will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf, London E14 5HS




Enquiries:


Bear Stearns Private Equity Limited

Paul Sanabria - 001 212 272 7734


Bear Stearns Asset Management

Greg Getschow - 001 212 272 7734


Ernst & Young LLP (Listing Sponsor) - 020 7951 2000

Howard Myles


HSBC Bank plc - 020 7991 8888

James Beddall

Mark Bloomfield


Winterflood Securities Ltd

Nathan Brown - 020 7621 5572



THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL,
PURCHASE, EXCHANGE OR SUBSCRIBE FOR ANY SECURITIES OR SOLICITATION OF SUCH AN
OFFER IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. BEAR STEARNS
PRIVATE EQUITY LIMITED HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED. THE SECURITIES REFERRED TO IN
THIS ANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, AND WILL NOT BE OFFERED OR SOLD OR
OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR
BENEFIT OF, US PERSONS EXCEPT IN ACCORDANCE WITH THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR AN EXEMPTION THEREFROM AND UNDER CIRCUMSTANCES WHICH
WILL NOT REQUIRE BEAR STEARNS PRIVATE EQUITY LIMITED TO REGISTER UNDER THE
UNITED STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED.

Ernst & Young LLP, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting for Bear Stearns Private Equity
Limited and for no one else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than Bear Stearns
Private Equity Limited for providing the protections afforded to clients of
Ernst & Young LLP or for affording advice in relation to the contents of this
announcement or on any matters referred to herein.


END






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