Disposal

J.P. Morgan Private Equity Limited

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

SALE OF SELECTED ASSETS AT 3.75% DISCOUNT TO NAV

GUERNSEY, 4 AUGUST 2014

JPEL ("JPEL" or the "Company") is pleased to announce that the Company has sold its interests in Parallel Ventures Limited Partnership and Parallel Private Equity Limited Partnership ("Parallel") for 96.25% of the prevailing net asset value of the Parallel interests, as reflected in JPEL's 31 May 2014 net asset value. The Parallel portfolio is comprised of European middle-market co-investments with 2007 and 2008 vintage years.

The transaction will generate cash proceeds of approximately USD 36.1 million and will also release JPEL from approximately USD 10.6 million in unfunded commitments.

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For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow

+1 212 648 1150

Gregory.Getschow@jpmorgan.com

Rosemary DeRise / Samantha Ladd

+1 212 648 2980 / +1 212 648 2982

Rosemary.DeRise@jpmorgan.com / Samantha.Ladd@jpmorgan.com

About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPZZ, JPSZ). The Company's capital structure consists of three classes of shares: US$ Equity Shares and two classes of Zero Dividend Preference Shares due 2015 and 2017, respectively.