21 August 2008

F & C PRIVATE EQUITY TRUST PLC

Change of Ticker Symbols

Following the renaming of the Company's A shares to restricted voting shares and the B shares to ordinary shares on 23 May 2008, the Board is proposing to change the ticker symbols from 'FPEA.L' to 'FPER.L' in respect of the restricted voting shares and from 'FPEB.L' to 'FPEO.L' in respect of the ordinary shares.

The ISIN and SEDOL for both classes of shares remain unchanged and are GB0030738164 and 3073816, respectively, for the restricted voting shares and GB0030738271 and 3073827, respectively, for the ordinary shares.

This change in ticker symbols will take effect from 26 August 2008.

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For more information please contact:

Hamish Mair                            0131 465 1184

hamish.mair@fandc.com

Martin Cassels                            0131 465 1095

martin.cassels@fandc.com

Sue Inglis, Intelli Corporate Finance Limited            0207 653 6300