Redemption Facility Results

RNS Number:7992D
New Star RBC Hedge250 IDX (3X GBP)
13 September 2007

                                   HEDGE ETS

            New Star RBC Hedge 250 Index Exchange Traded Securities

                                  PCC Limited

  (A closed-ended investment company incorporated in Guernsey with registered
number 45501 under the provisions of The Companies (Guernsey) Laws 1994 to 1996
      and The Protected Cell Companies Ordinance 1997 to 1998, as amended)



13 September 2007

                              REDEMPTION FACILITY


Redemption Day

The Company's Articles of Association incorporate provisions to enable
Shareholders, at the Directors' discretion, to redeem up to 100 per cent. of
their Shares for cash as at the first business day of January or July in each
year or up to 50 per cent. of their Shares for cash as at the first business day
of January, April, July or October in each year.  The Directors announced on 3
August 2007 that they had determined to operate the facility for the first time
as at 2 January 2008 (the "Redemption Day").

Valid redemption requests were received by 4 September 2007 for 118,077 Euro 1X
Shares, 695,000 Sterling 1X Shares and 225,000 US 1X Dollar Shares. No
redemption requests were received for 3X Shares.Redemption requests will be
fully satisfied.

Redemption Price

All redemptions will be effected at the net asset value per Share of the
relevant class at 31 December 2007, less direct costs.  No redemption fee is
expected to be payable.

Settlement

Full redemption proceeds will normally be dispatched to Shareholders within 15
days after the publication of the RBC Hedge 250 Index level prevailing on the
Redemption Day (which is expected to be on or around the 45th day after 31
December 2007).  Where payments under the Swaps are delayed or withheld or the
Company is unable to liquidate its other investments in an orderly manner, the
Company may take longer to pay the redemption proceeds or scale back redemption
pro-rata amongst redeeming Shareholders.


Enquiries:

Pam Le Cheminant, HSBC Securities Services (Guernsey) Limited

Tel: [phone]


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