Aberdeen Private Equity Fund Ltd Estimated Net Asset Value - 22 June 2018 (2033S)

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RNS Number : 2033S

Aberdeen Private Equity Fund Ltd

21 June 2018

21 June 2018

Aberdeen Private Equity Fund Limited (the "Company")

Estimated Net Asset Value per remaining share as at 22 June 2018

As announced on 18 June 2018 the Company will be returning GBP1.2 million to Shareholders as part of the third Compulsory Redemption. The Redemption Record Date is 21 June 2018 with the Redemption Date being 22 June 2018.

Based on the 14 June 2018 estimated NAV, the estimated NAV following completion of the third Compulsory Redemption for the remaining Shares which have not been redeemed is 0.66 pence or net assets of approximately GBP90,000.

The 14 June 2018 estimated NAV includes a deduction for tax payable under the U.S. Tax Cuts and Jobs Act legislation, as referred to in the Company's announcement of 27 February 2018, but excludes tax that is potentially recoverable. As detailed in previous announcements, the amount withheld by the buyer for this purpose has been finalised at approximately US$2.3 million. There can be no certainty that this full amount will be recovered, but, at the current exchange rate, this would equate approximately, in terms of the NAV per remaining share in issue, to a further 12.8 pence.

It is expected that any recoverable tax proceeds would be returned to shareholders as part of the Company's liquidation process. The timetable for liquidation will be dependent on how quickly the Company and its tax advisers can finalise its US tax filings and recover the tax withheld.

*The estimated NAV has been prepared in good faith by the Company's administrator and is for information purposes only. The Estimated NAV has not been subjected to any independent verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. Other risk factors which may be relevant to these valuations are set out in the Company's Prospectus, dated 6 June 2007, and the Circular, dated 1 February 2018.

For further information, please contact:

Ipes (Guernsey) Limited

Nicholas Robilliard

T: [phone]

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(END) Dow Jones Newswires

June 21, 2018 12:24 ET (16:24 GMT)