Private Equity Inv: Correction : Tender Offer

<pre> 
The Company announces that the announcement titled Completion of Tender Offer
released under reference PRNUK-1312071406-D980 at 14.08 on 13/12/07, contained
an error. The number of shares repurchased should have read 7,276,592 not
7,276,574 and the number of shares expected to remain in issue should read
42,723,408 not 42,723,426.
All other information in the release is corrrect. A full copy of the corrected
announcement appears below.
13 December 2007
Private Equity Investor PLC (the "Company")
Completion of Tender Offer
It was announced today that the Tender Price was 171.7818 pence per Share. The
Tender Offer has now been completed with a total of 7,276,592 shares
repurchased by the Company for cancellation. Following settlement of the Tender
Offer, which is expected to be made on 18 December 2007, 42,723,408 Shares will
be in issue.
Enquiries
Peter Dicks                                                  020 7224 5354     
                                                                               
Chairman, Private Equity Investor PLC                                          
                                                                               
Angus Gordon Lennox                                               020 7588 2828
                                                                               
JPMorgan Cazenove Limited                                                      
END</pre>

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