Redemption Facility Results

RNS Number:5528P
New Star RBC Hedge250 IDX (3X GBP)
06 March 2008



                                   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)



6 March 2008


                         RESULTS OF REDEMPTION FACILITY


New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited ("Hedge 
ETS") announces that it has received Redemption Requests and effected Share
Redemptions as set out below.


Redemption Day

The Company's Article 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 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 31 January 2008 that they had determined to operate
the facility for 1 July 2008 (the "Redemption Day")

Valid redemption requests were received  for the following Shares

                                                                1X Cell                             3X Cell

US Dollar Share Class                                        33,344,200                           1,260,000

Euro Share Class                                             11,794,585                           2,207,414

Sterling Share Class                                          1,070,540                              50,000

Redemption requests will be fully satisfied.


Redemption Price

Subject to there being no valid revocations, all redemptions will be effected at
the net asset value per Share of the relevant class at 30th June 2008, 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 30th
June 2008). 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:

Alison Bilham, HSBC Securities Services (Guernsey) Limited
Tel: + 44 (0)1481 707213




ENDS


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