Net Asset Value(s)

RNS Number:2922K
New Star RBC Hedge250 IDX (3X GBP)
19 December 2007

New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited 
(the "Company")

19 December 2007

Estimated Net Asset Values at 14 December 2007

Ordinary Shares

As at the close of business on 14 December 2007, the estimated net asset values
of the Company's ordinary shares based on the RBC Hedge 250 Index value at 14
December 2007 as published on the 17 December 2007 are as follows:

1X US$ Shares                                                   $1.0508

1X Euro Shares                                                  Euro1.0368

1X Sterling Shares                                              £1.0518

3X US$ Shares                                                   $1.0926

3X Euro Shares                                                  Euro1.0724

3X Sterling Shares                                              £1.0904

This intra month estimated net asset value is provided for illustrative purposes
only and may not reflect performance of all underlying funds comprising the RBC
Hedge 250 Index.  An estimated net asset value for 31 December 2007 will be
released on 15 January 2008 and the final net asset value for 31 December 2007
will be released on 29 January 2008.

These valuations, which have been prepared in good faith by the Company's
administrator, are for information purposes only. Certain risk factors which may
be relevant to these valuations are set out in the Company's prospectus dated 19
October 2007.

Enquiries

Alison Bilham, HSBC Securities Services (Guernsey) Limited

Tel: + 44 (0)1481 707213



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