Redemption Facility

    RNS Number : 9039J
  New Star RBC Hedge250 IDX (3X GBP)
  10 December 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)

                                                                     10 December 2008

    REDEMPTION FACILITY

    Redemption Policy

    The Company's Articles of Association incorporate provisions to enable Shareholders, at the Directors' discretion, to redeem:

    *     Up to 50 per cent. of their Shares for cash as at the first business day in January, April, July or October in each year by giving
not less than 90 days notice to the Company in advance of the Redemption day; and 

    *     Up to 100 per cent. of their Shares for cash as at the first business day in January or July each year by giving not less than 120
days notice to the Company in advance of the Redemption Day.


    Determination of the Net Asset Value

    The Directors agreed at the last Board meeting, as is their discretion, to allow for a Redemption Day at 1 April 2009.  The applicable
Valuation Day for redemption requests received by 31 December 2008 shall be 31 March 2009. The Net Asset Value at the Valuation Day is
calculated from the Index level for that month end as calculated by RBC Capital Markets. Investors should note that, were insufficient
information to be available to RBC Capital Markets in order for the Index level to be calculated, the determination of the Net Asset Value
of the Company may be suspended.

    Further details can be found in the Prospectus.


    Company Information

    Further Information on the Company, including fact sheets and the annual report of the Company can be obtained from the Manager's
website at www.newstaram.com


    For further information please contact:

 Alex Duncan, New Star Asset Management Limited      Tel: + 44 (0)20 7225 9290

 Alison Bilham, HSBC Securities Services (Guernsey)  Tel: + 44 (0)1481 707213
 Limited






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