Retirement of 2017 ZDP Shares

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

www.jpelonline.com

RETIREMENT OF 2017 ZERO DIVIDEND PREFERENCE SHARES

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GUERNSEY, 15 NOVEMBER 2017

On 31 October 2017, JPEL's 2017 ZDP Shares (Ticker: JPSZ) were successfully redeemed and cancelled in accordance with the Company's Articles of Incorporation.

The Final Capital Entitlement of the 2017 ZDP Shares was approximately £32.6 million at their final redemption date and paid to shareholders on record on 31 October 2017. The redemption was financed using cash on hand.

Accordingly, following their redemption, the 2017 ZDP Shares' admission to the Official List and their trading on the Main Market of the London Stock Exchange was cancelled on 31 October 2017.

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About JPEL Private Equity Limited

JPEL 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.

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