Net Asset Value(s)

Bear Stearns Private Equity Limited
29 February 2008

Company         Bear Stearns Private Equity Limited

Headline           Net Asset Value(s)

Bear Stearns Private Equity Limited

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

29 February 2008

Regulatory News Service

London Stock Exchange

London

EC4M 7LS

Dear Sir,



BEAR STEARNS PRIVATE EQUITY LIMITED

Please find detailed below the estimated net asset value per share for Bear
Stearns Private Equity Limited as at 15 February 2008:

Ordinary Share Class - $1.69

Zero Dividend Preference Share Class - 49.98p

Packaged Unit - $2.67

This is an estimated valuation of the net assets of the Company as at 15
February 2008. This valuation is for information purposes only and has not been
verified by the Company or the Manager. This valuation includes the most recent
information available from the Company's underlying private equity fund managers
for their respective private equity portfolios. It is based on unaudited
estimated valuations supplied by the administrators, managers or investment
advisers of the Company's underlying investments. Whilst the Manager believes
this information to be useful investor information, it is subject to material
change and consequently no reliance should be placed as to its accuracy.

Neither the Company nor the Manager accept any liability whatsoever in regard to
this information. The only official valuation of the Company's portfolio is the
valuation produced as at the last business day of each month and reported via
RNS when released.



END


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