Transaction in Own Shares

RNS Number:9988D
New Star RBC Hedge250 IDX (3X GBP)
18 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)



17 September 2007



                           TRANSACTION IN OWN SHARES



New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 17 September 2007 it purchased the number of shares
at the prices set out below; the resulting share capital per class is also set
out in the table below


                        Shares repurchased    Repurchase price    Resulting share capital

1X US$ Shares                      970,000            US$1.015                121,642,771

1X Euro Shares                   2,597,000          Euro 1.005                 53,828,461

1X Sterling Shares                       -                 n/a                 22,628,678

3X US$ Shares                            -                 n/a                 31,674,110

3X Euro Shares                           -                 n/a                  8,905,835

3X Sterling Shares                       -                 n/a                  8,161,347



All shares purchased will be cancelled.


All shareholders have equal voting rights based on the number of shares held. 
Accordingly, the total number of voting rights in the Company is 246,841,202 and
this figure may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their interest in,
or a change to their interest in the Company under the FSA's Disclosure and
Transparency Rules.


Enquiries:


Pam Le Cheminant, HSBC Securities Services (Guernsey) Limited
Tel: + 44 (0)1481 707122




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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