Share redemption

Bear Stearns Private Equity Limited
17 January 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

17 January 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 as at 31 December 2006:



7,628,577 ordinary shares at a price of USD$1.45 per share.



In conformity with the Transparency Directive's transitional provision 6 we
would like to notify the market of the following: as a result of such
redemptions, the Company's issued share capital consists of 88,158,472 shares of
0.01p each classified as ordinary shares and 59,475,034 shares of 0.01p each
classified as zero dividend preference shares. The Company holds no shares in
Treasury.



Therefore the total number of voting rights in the Company is 88,158,472 for the
ordinary share class and 59,475,034 for the zero dividend preference share
class.



The above figures (88,158,472 for the ordinary share class and 59,475,034 for
the zero dividend preference share class) may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency rules.



END




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