Jpel Priv Eqty Regulatory News (JPEL)

J.P. MORGAN PRIVATE EQUITY LIMITED ANNOUNCESAPPROVAL OF ACQUISITION OF A PORTFOLIO OF PRIVATE EQUITY CO-INVESTMENTSBY THE SPL FUNDS AND ISSUE OF EQUITY

ALL SHARE TRANSACTION VALUED AT APPROXIMATELY US$91.9 MIllION

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·; SPL Funds have announced that their shareholders have voted in favour of the proposed acquisition by JPEL

·; All-stock acquisition of portfolio of 38 mid-market buyout co-investments

·; £56.5 million purchase price using £36.7 million of US$ Equity Shares and £19.8 million of a new class of ZDP Shares due 2017

·; Purchase price represents a discount to 30 June 2011 Co-Investment Portfolio NAV

·; Acquisition is expected to be accretive to JPEL NAV and enhance 2013 and 2015 ZDP Share cover

·; Expected to generate positive growth and distributions from near-term exits

o Repositions JPEL's portfolio: adds mid-market buyout assets, primarily in the UK, Germany and France

o Enhances JPEL's balance sheet: adds mature assets with meaningful liquidity in 1-2 years

o Differentiates JPEL amongst secondary players and listed private equity peers

·; JPEL has allotted and issued to the SPL Funds, conditional only upon Admission, 44,727,053 new US$ Equity Shares and 30,410,753 New 2017 ZDP Shares

·; It is expected that the new shares will be admitted to listing and to trading at 8.00 a.m. on 12 September 2011

GUERNSEY, 9 SEPTEMBER 2011

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is very pleased to announce that the SPL Funds, as sellers, have today announced that their shareholders have voted in favour the proposed acquisition by JPEL of the SPL Funds' limited partnership interests (the "Acquisition") in a portfolio of co-investments ("Co-Investment Portfolio").

The Co-Investment Portfolio is managed by Parallel Private Equity Limited Partnership and consists of a pool of 38 middle-market co-investments with leading fund managers primarily invested in the UK, Germany and France.

JPEL announced the all-share transaction valued at £56.5 million or approximately US$91.9 million on 16 August 2011.

The Acquisition is unconditional in all material respects other than admission of the new US$ Equity Shares (JPEL.LN) and New 2017 ZDP Shares (JPSZ.LN) (to be issued as consideration for the Acquisition) to listing on the UKLA's Official List and to trading on the London Stock Exchange ("Admission").

 JPEL can confirm that it has today allotted and issued to the SPL Funds, conditional only upon Admission, 44,727,053 new US$ Equity Shares and 30,410,753 New 2017 ZDP Shares. It is expected that the new shares will be admitted to listing and to trading at 8.00 a.m. on 12 September 2011.Unless otherwise defined in this announcement, defined terms contained herein shall have the meaning given to them in the Company's announcement relating to the Acquisition on 16th August 2011.

ENQUIRIES

J.P. Morgan Private Equity Limited 

Troy Duncan: Tel (Direct): +44 207 742 3032 (troy.duncan@jpmorgan.com)

Gregory Getschow: Tel (Direct): +1 212 648 1151 (gregrory.getschow@jpmorgan.com)

Rosemary DeRise: Tel (Direct): +1 212 648 2980 (rosemary.derise@jpmorgan.com)

Samantha Ladd: Tel (Direct): +1 212 648 2982 (samantha.ladd@jpmorgan.com)

Peregrine Communications

Anthony Payne: Tel (Direct): +44 203 178 6869 (anthony.payne@peregrinecommunications.com)

Liberum Capital Limited (Sponsor to the Company and Broker to the Placing)

Steve Pearce / Tom Fyson / Christopher Britton: Tel (Direct): +44 (0)20 3100 2000

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated closed-ended investment company and is designed primarily to invest in the global private equity market. The Company's issued share capital has been admitted to listing on the premium segment and the standard segment (as appropriate) of the Official List and admitted to trading on the main market of the London Stock Exchange (LSE:JPEL, JPEZ, JPZZ, JPWW). In summary, the investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

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