First Quarter 2011 Report

J.P. Morgan Private Equity Limited

Arnold House, St Julian's Avenue

St Peter Port

Guernsey GY1 3NF

www.jpelonline.com, www.jpelonline.co.uk

Regulatory News Service

London Stock Exchange

London

EC2N 1HP

11 May 2011

Notice to Shareholders - First Quarter 2011 Report

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") has released the Company's Quarterly Report for the quarter ending 31 March 2011. Shareholders may access an electronic copy of the Quarterly Report at www.jpelonline.com or www.jpelonline.co.uk by clicking the "Investor Information" link on the home page and then clicking the "Reports" link.

An electronic copy of the Quarterly Report is also attached to this notice.

 http://www.rns-pdf.londonstockexchange.com/rns/3619G_-2011-5-11.pdf

* * *

About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. 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.

ENQUIRIES:

Bear Stearns Asset Management

JP Morgan Asset Management (UK) Limited

Greg Getschow / Troy Duncan - +1 212 648 1150 / +44 (0)20-7742-3032

Rosemary DeRise / Samantha Ladd + 1 212 648 2980 / +1 212 648 2982