Redemption of Shares

Bear Stearns Private Equity Limited
10 August 2007

          
Company      Bear Stearns Private Equity Limited

Headline     Share Redemption


Bear Stearns Private Equity Limited

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

10 August 2007

Regulatory News Service

London Stock Exchange

London

EC4M 7LS



Dear Sir,


Bear Stearns Private Equity Limited (the 'Company') announces that it has
redeemed the following shares at the Net Asset Value ruling as at 29 June 2007:

3,597,890 Equity Shares at a price of USD 1.55 per Equity Share; and

3,375 Zero Dividend Preference Shares at a price of GBP 0.4781 per Zero Dividend
Preference Share.

The Company has 286,428,356 Equity Shares and 59,471,659 Zero Dividend
Preference Shares in issue following this redemption.


END


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