Transaction in Own Shares

RNS Number:3083S
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                           -                                   45,715,023           293,000
1X Sterling Shares                       -                                   14,079,392                 -
3X US$ Shares                      240,000                0.9310             26,823,292         1,640,000
3X Euro Shares                           -                                    8,995,569            37,000
3X Sterling Shares                       -                                    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]





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