3rd Compulsory Redemption and Total Voting Rights

22 June 2018

Aberdeen Private Equity Fund Limited (the "Company")Completion of Third Compulsory Redemption and Total Voting Rights

The Board of Directors of Aberdeen Private Equity Limited is pleased to announce that the partial compulsory redemption of the Company's shares announced on 18 June 2018 has been completed with the redemption of 13,636,247 Shares ("Compulsory Redemption").

The Company has today redeemed 13,636,247 Shares, on a pro rata basis, returning a total of £1.2 million (the equivalent of approximately 93% of net assets as at 14 June 2018). The redemption price was 8.8 pence for each Share being redeemed. Such shares were cancelled automatically following their redemption.

Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Estimated Net Asset Value* per remaining share

As announced on 21 June 2018 the estimated NAV following completion of the third Compulsory Redemption for the remaining Shares which have not been redeemed is 0.66 pence or net assets of approximately £90,000.

Redemption Shares

Payments of redemption proceeds are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 28 June 2018. Any share certificates for the balance of holdings of shares will also be despatched to shareholders on or around 28 June 2018.

The Shares were disabled in CREST on the record date (21 June 2018) and the existing ISIN number GG00BFNS0161 (the "Old ISIN") has expired.

New ISIN and Total Voting Rights

The new ISIN number GG00BFMDJ822 (the "New ISIN") in respect of the remaining 13,590,150 Shares which have not been redeemed will be enabled and will be available for transactions on 22 June 2018. The total number of Shares in issue is now 13,590,150, of which no Shares are held in treasury. Therefore, the number of Shares with voting rights attached now in issue is 13,590,150 and this is the figure which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Inclusive of this redemption, the Company will have returned £152.8 million to Shareholders, or approximately 94.5% of the Company's 30 November 2017 NAV, the prevailing NAV at the time of the Company's announcement that it had entered into a Sale and Purchase Agreement to sell its entire investment portfolio.

\* The estimated NAV has been prepared in good faith by the Company's administrator and is for information purposes only. The Estimated NAV has not been subjected to any independent verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. Other risk factors which may be relevant to these valuations are set out in the Company's Prospectus, dated 6 June 2007, and the Circular, dated 1 February 2018.

For further information, please contact:

Ipes (Guernsey) Limited

Nicholas Robilliard

T: +44 1481 735827