Portfolio Update

Bear Stearns Private Equity Limited
03 April 2007

Company            Bear Stearns Private Equity Limited

Headline           Ten Largest Investments

Bear Stearns Private Equity Limited

HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU

3 April 2007

Regulatory News Service

London Stock Exchange

London

EC4M 7LS

Dear Sir,

BEAR STEARNS PRIVATE EQUITY LIMITED

Please find detailed below the ten largest investments.
Investment                                                                            % of net assets


PEAF II LLC*                                                                               8.86%
Alto I/ Development Capital                                                                8.37%

Esprit Capital Partners LLP                                                                4.75%

Argan Capital Fund                                                                         3.99%

Main Street Resources I, L.P.                                                              3.58%

Starwood Opportunity Fund VI, L.P.                                                         3.47%
Aqua International Partners, L.P.                                                          3.27%

OCM European Principal Opportunities Fund LP                                               3.18%

Scan Geophysical AS                                                                        3.13%

Warburg Pincus Private Equity VIII, L.P.                                                   3.08%
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* Comprised of 12 underlying private equity fund interests.

END






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