Private Equity Inv: Result of Tender offer

<pre> 
15 December 2008
Private Equity Investor PLC (the "Company")
Announcement of Tender Offer Result and Completion
The Board announces that the NAV per Share at the Calculation Date was 225.9092
pence. Accordingly the Tender Price is 225.2295 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 21 November 2008
(the "Circular"), is therefore 18.1864 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: 42,723,408
Shares tendered for the Basic Entitlement only: 13,420,835
Shares tendered for more than the Basic Entitlement: 27,244,598
Shares tendered for less than the Basic Entitlement: 9,320
Total number of Shares tendered: 40,674,753
Shareholders who tendered in excess of the Basic Entitlement will have
approximately 1.19 per cent of their excess satisfied.
The Tender Offer has today been completed with a total of 7,769,733 shares
repurchased by the Company for cancellation. Following settlement of the Tender
Offer, which is expected to be made on 18 December 2008, 34,953,675 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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