Transaction in Own Shares

RNS Number:4265O
New Star RBC Hedge250 IDX (3X GBP)
20 February 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)


20th February 2008

                           TRANSACTION IN OWN SHARES


New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the 
"Company") announces that on 20th February 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                             1,200,000               USD 1.02500                120,597,598

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 226,901,491 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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