Net Asset Value(s)

RNS Number:7929O
New Star RBC Hedge250 IDX (3X GBP)
26 February 2008

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

26th February 2008

Estimated Net Asset Values at 21 February 2008

Ordinary Shares

As at the close of business on 21 February 2008, the estimated net asset values
of the Company's ordinary shares based on the RBC Hedge 250 Index value at 21
February 2008 as published on the 22 February 2008 are as follows:

1X US$ Shares                                                   $1.0434
1X Euro Shares                                                  Euro1.0285
1X Sterling Shares                                              £1.0436
3X US$ Shares                                                   $1.0327
3X Euro Shares                                                  Euro1.0137
3X Sterling Shares                                              £1.0335

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 29 February 2008 will be
released on 14 March 2008 and the final net asset value for 29 February 2008
will be released on 31 March 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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