Private Equity Inv: Tender Offer

 
13 December 2007
Private Equity Investor PLC (the "Company")
Announcement of Result of Tender Offer and Tender Price
The Board announces that the NAV at the Calculation Date was 172.2865 pence per
Share. Accordingly the Tender Price is 171.7818 pence per Share, after
deducting an amount equal to the Tender Costs per Share. The Basic Entitlement
Percentage, as defined in the Circular sent to Shareholders on 12 November 2007
(the "Circular"), is therefore 14.5533 per cent. Other terms used in this
announcement shall have the meanings given to them in the Circular.
The full result of the Tender Offer is as follows:
Total number of Shares in issue as at the Record Date: 50,000,000
Shares tendered for the Basic Entitlement only: 6,894,196
Shares tendered for more than the Basic Entitlement: 39,823,450
Shares tendered for less than the Basic Entitlement: 5,344
Total number of Shares tendered: 46,722,990
Shareholders who tendered in excess of the Basic Entitlement will have
approximately 0.95 per cent of their excess satisfied.
The Tender Offer is expected to be completed today with a total of 7,276,574
shares repurchased by the Company for cancellation.
Enquiries:
Peter Dicks                                                  020 7224 5354     
                                                                               
Chairman, Private Equity Investor PLC                                          
                                                                               
Angus Gordon Lennox                                          020 7588 2828
                                                                               
JPMorgan Cazenove Limited                                                      
END

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