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4th Floor, 23 Bentinck Street, London W1U 2EZ - Tel +44 (0)20 7563 1630 - Fax +44 (0)20 7486 4534
Net Asset Value 219.43p/343.65¢ inc. current period deficit; 220.40p/345.17¢ exc. current period deficit
per ordinary share at 31 July 2010 incorporating unaudited Revenue Reserves to 30 June 2010 (exchange rate, £1=US$1.5661).
For Limited Partnerships Revaluations see Our Portfolio.
Registered office
Beaufort House
51 New North Road
Exeter, EX4 4EP
Company Number
3912487 – England & Wales


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22 December 2009, 09:56

Private Equity Inv: Holding(s) in Company

<pre> 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                
                                                                              
 
1. Identity of the issuer or the underlying issuer of         Private Equity  
existing shares to which voting rights are attached:          Investor PLC    
                                                                              
 
2 Reason for the notification (please tick the appropriate box or boxes):     
                                                                              
                                                                              
                                                                              
An acquisition or disposal of voting rights                                Yes
                                                                              
                                                                              
                                                                              
An acquisition or disposal of qualifying financial instruments which may      
result in the acquisition of shares already issued to which voting rights     
are attached                                                                  
                                                                              
                                                                              
                                                                              
An acquisition or disposal of instruments with similar economic effect to     
qualifying financial instruments                                              
                                                                              
                                                                              
                                                                              
An event changing the breakdown of voting rights                              
                                                                              
                                                                              
                                                                              
Other (please specify):              New CFD disclosure regime                
                                                                              
 
3. Full name of person(s) subject to the notification     Deutsche Bank AG    
obligation:                                                                   
                                                                              
                                                                              
                                                                              
4. Full name of shareholder(s) (if different from 3.):    Deutsche Bank AG    
                                                                              
                                                          Tilney Investment   
                                                          Management          
                                                                              
5. Date of the transaction and date on which the          18 December 2009    
threshold is crossed or reached:                                              
                                                                              
                                                                              
                                                                              
6. Date on which issuer notified:                         22 December 2009    
                                                                              
                                                                              
                                                                              
7. Threshold(s) that is/are crossed or reached:           23%, 22%, 21%, 20%, 
                                                          19%, 18%            
                                                                              
                                                                              
 
8. Notified details:                                                          
                                                                              
A: Voting rights attached to shares                                           
                                                                              
                                                                              
                                                                              
Class/type of Situation previous  Resulting situation after the triggering    
shares        to the triggering   transaction                                 
              transaction                                                     
                                                                              
if possible   Number    Number    Number    Number of voting   % of  voting   
using         of        of        of shares rights             rights         
the ISIN CODE Shares    Voting                                                
                        Rights    Direct    Direct    Indirect Direct Indirect
                                                                              
                                                                  
GB0000504034  7,089,201 7,089,201 6,093,992 5,553,521 540,471  15.89% 1.55%   
                                                                              
                                                                              
 
B: Qualifying Financial Instruments                                           
                                                                              
Resulting situation after the triggering transaction                          
                                                                              
                                                                              
                                                                              
Type of financial  Expiration  Exercise/   Number of voting       % of voting 
instrument         date        Conversion  rights that may be     rights      
                               Period      acquired if the                    
                                           instrument is                      
                                           exercised/ converted.              
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
 
C: Financial Instruments with similar economic effect to Qualifying Financial 
Instruments                                                                   
                                                                              
Resulting situation after the triggering transaction                          
                                                                              
                                                                              
                                                                              
Type of         Exercise Expiration Exercise/  Number of       % of voting    
financial       price    date       Conversion voting          rights         
instrument                          period     rights                         
                                               instrument                     
                                               refers to                      
                                                                              
                                                               Nominal  Delta 
                                                                              
                                                                              
                                                                              
CFD                                            995,209         2.85%          
                                                                              
 
Total (A+B+C)                                                                 
                                                                              
                                                                              
                                                                              
Number of voting rights             Percentage of voting rights               
                                                                              
6,093,992                           17.43%                                    
                                                                              
 
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:                    
                                                                              
                                                                              
                                                                              
 
Proxy Voting:                                                                 
                                                                              
                                                                              
                                                                              
10. Name of the proxy holder:                                                 
                                                                              
                                                                              
                                                                              
11. Number of voting rights proxy holder will cease to hold:                  
                                                                              
                                                                              
                                                                              
12. Date on which proxy holder will cease to hold voting rights:              
                                                                              
                                                                              
                                                                              
 
13. Additional information:                                                    
                                                                               
                                                                               
                                                                               
14. Contact name:                       Natalie Brewer/Darren Wickert          
                                                                               
                                                                               
                                                                               
15. Contact telephone number:           +00 44 207 545 1994/0789               
                                                                               
                                                                               
                                                                               
 
END</pre>


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