Issue of Equity

Bear Stearns Private Equity Limited
03 April 2007


NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA

Bear Stearns Private Equity Limited

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

3 April 2007

Regulatory News Service

London Stock Exchange

London

EC4M 7LS

Dear Sir,

BEAR STEARNS PRIVATE EQUITY LIMITED - FURTHER ISSUE OF SHARES

Bear Stearns Private Equity Limited (the 'Company') announces a placing under
which it is targetting raising $250 - $300 million in New Equity Shares to fund
additional acquisitions over approximately the next 9 months.  The Company will
place a maximum of $400 million under the issue.  This is the Company's third
fundraising since it was launched in 2005.

The Company's current portfolio is nearly fully committed and invested in
private equity assets.  The proceeds will be used to invest in seasoned
interests in private equity funds globally.

The Placing Price of per New Equity Share will be at a 1.9 per cent. premium to
the 31 March 2007 net asset value, which will be announced in due course.  The
premium represents the estimated costs and expenses of the Placing.

Bank Leumi Switzerland, Bear Stearns International Limited, HSBC Private Bank
(UK) Limited, HSBC Private Bank (Suisse) SA, The Hongkong and Shanghai Banking
Corporation Limited (a branch of HSBC (Suisse) SA), JPMorgan Cazenove and Migdal
Hitum Ve'Kidum Asakim Ltd have been appointed as placing agents in respect of
the New Equity Shares.  JPMorgan Cazenove has been appointed sponsor.

Expected Timetable

Placing price announced                               17 April 2007

Prospectus published                                  17 April 2007

Closing of offering                                   12.00 p.m. on 25 April 2007

Results of placing announced                          By 26 April 2007

Dealings in new shares commence                       30 April 2007

Enquiries:

Bear Stearns Asset Management

Greg Getschow / Troy Duncan - 001 212 272 7732

HSBC entities

Boudewijn Jansen / Marina Gerova - 0044 (0) 207 860 5277

JPMorgan Cazenove

Angus Gordon Lennox - 020 7588 2828

Peregrine Communications

Anthony Payne / Max Hilton - 020 7978 6052

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.

JPMorgan Cazenove Limited, 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
JPMorgan Cazenove Limited or for affording advice in relation to the contents of
this announcement or on any matters referred to herein.

END


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