Holding(s) in Company

RNS Number:0667F
F&C Private Equity Trust PLC
03 October 2007


TR-1(i):               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached(ii):                             F&C Private Equity

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       X

An acquisition or disposal of financial instruments which may result in the acquisition of   
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                             

Other (please specify): Change in issued share capital                                       

3. Full name of person(s) subject to the notification obligation
(iii):
                                                                 
4. Full name of shareholder(s) (if different from 3.)(iv):       QVT Financial LP
                                                                 QVT Financial LP
                                                                 Quintessence Fund LP

5. Date of the transaction (and date on which the threshold is   28 September 2007
crossed or reached if different)(v):

6. Date on which issuer notified:                                2 October 2007

7. Threshold(s) that is/are crossed or reached:

                                                                 5%

8. Notified details:                                             -



A: Voting rights attached to shares
Class/type of    Situation previous to   Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of   Number of   Number of       Number of voting rights   % of voting rights
using the ISIN   Shares      Voting      shares          ix
CODE                         Rights viii Direct          Direct  x  Indirect xi    Direct   Indirect


Ordinary 'B'



GB0030738164     Below 5%    Below 3%    3,732,679                  3,732,679               5.16%


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
         -


Total (A+B)
Number of voting rights                            % of voting rights


3,732,679                                          5.16%




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:



Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:                               -

14. Contact name:                                    Steven Ross

15. Contact telephone number:                        0207 628 8000



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