Transaction in Own Shares

RNS Number:9117M
New Star RBC Hedge250 IDX (3X GBP)
30 January 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)


30th January 2008

                           TRANSACTION IN OWN SHARES

New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 30th January 2008 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                               283,000                USD 1.0175                130,857,598

1X Euro Shares                                    -                       n/a                 46,008,023

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

3X US$ Shares                                     -                       n/a                 28,405,282

3X Euro Shares                                    -                       n/a                  8,971,277

3X Sterling Shares                                -                       n/a                  8,101,919



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 237,161,491 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) LTD
Tel: [phone]


Ends


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