Transaction in Own Shares

RNS Number:2986S
New Star RBC Hedge250 IDX (3X GBP)
14 April 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)




14 April 2008


                            TRANSACTION IN OWN SHARES


New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited 
(the "Company") announces that on 14 April 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    Shares held in
                                                                      capital excluding          treasury
                                                                         shares held in
                                                                               treasury
1X US$ Shares                            -                                  117,705,473                 -
1X Euro Shares                     293,000                0.9860             45,715,023           293,000
1X Sterling Shares                       -                                   14,079,392                 -
3X US$ Shares                    1,400,000                0.9310             27,063,292         1,400,000
3X Euro Shares                      37,000                0.9170              8,995,569            37,000
3X Sterling Shares                 143,000                0.9280              7,881,313           143,000






All shares purchased will be held in treasury.

All shareholders have equal voting rights based on the number of shares held.
Accordingly, the total number of voting rights in the Company is 221,440,062 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



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