Private Equity Investor : Net Asset Value(s) 31 December 2015

PRIVATE EQUITY INVESTOR PLC

The Company announces that the Net Asset Value ('NAV') at 31 December 2015, including the current period deficit and incorporating the Limited Partnership portfolio valuations referred to below was:

214.48 pence (US 317.83 cents) per share*

The exchange rate at which this was calculated was £=US$1.4819

* The Company's reported NAV is based on the aggregate net asset values of the Funds in which it has invested. These Funds report quarterly and the valuations are adjusted by the Company for calls and distributions made. When publishing its NAV at the end of each month it is not the Company's practice or policy to revalue investments held within the Funds.

Revaluation dates of Limited Liability Partnerships:

Dawntreader Fund II	30 Sept 2015
Draper Fisher Jurvetson ePlanet Ventures	30 Sept 2015
Draper Fisher Jurvetson Fund VI	30 Sept 2015
Draper Fisher Jurvetson Fund VII	30 Sept 2015
Draper Fisher Jurvetson Gotham Venture Fund	30 Sept 2015
Focus Ventures II	30 Sept 2015
Francisco Partners II	30 Sept 2015
Institutional Venture Partners XII	30 Sept 2015
New Enterprise Associates 9	30 Sept 2015
New Enterprise Associates 10	30 Sept 2015
New Enterprise Associates 12	30 Sept 2015
Oak Investment Partners X	30 Sept 2015
Sprout Capital IX	30 Sept 2015
TCV IV	30 Sept 2015
Vanguard VII	30 Sept 2015
Vantagepoint Venture Partners IV	30 Sept 2015
Vantagepoint 2006 Fund	30 Sept 2015
Vector Capital IV	30 Sept 2015
Zone Venture Fund II	30 Sept 2015
Zone Venture Fund II Annex	30 Sept 2015

14 January 2016