Transaction in Own Shares

RNS Number:1041K
New Star RBC Hedge250 IDX (3X GBP)
17 December 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 December 2007



                           TRANSACTION IN OWN SHARES



New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 17 December 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                               400,000                 USD 1.037                136,194,543


1X Euro Shares                                    -                       n/a                 47,267,434


1X Sterling Shares                                -                       n/a                 14,817,392


3X US$ Shares                                     -                       n/a                 28,735,282


3X Euro Shares                                    -                       n/a                  8,987,527


3X Sterling Shares                                -                       n/a                  8,089,656







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 244,091,834 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:



Alison Bilham, HSBC Securities Services (Guernsey) Limited

Tel: [phone]


Ends


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

POSILFSRFLLDLID