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3i Quoted Private Eq (QPE)

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Tuesday 29 January, 2008

3i Quoted Private Eq

Investment Update

3i Quoted Private Equity Limited
29 January 2008

3i Quoted Private Equity Limited announcement

The Board of Directors of 3i Quoted Private Equity Limited ('QPEL') notes
today's announcement by the board of Jelf Group plc ('Jelf') on Jelf's proposed
placing of 9,882,354 ordinary shares for an aggregate consideration of
approximately £21 million to institutional investors and a subscription by QPEL
for 12,235,294 ordinary shares for an aggregate consideration of approximately
£26 million. The proceeds will be used by Jelf, inter alia, to finance the
acquisition of three regional insurance brokers, which was announced today.

Following the completion of the placing and subscription, QPEL expects to hold
around 24.6 per cent. of the enlarged share capital of Jelf.  The subscription
is conditional, inter alia, on the passing of certain resolutions set out in
Jelf's Notice of General Meeting.

For more details on this transaction, please refer to the announcement issued by
Jelf today.


For further information, please contact:

Jennifer Letki, press enquiries                          Tel: 020 7975 3190




                      This information is provided by RNS
            The company news service from the London Stock Exchange