Aberdeen Private Equity Fund : s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:

ABERDEEN PRIVATE EQUITY FUND

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:

British Empire Trust plc

4. Full name of shareholder(s) (if different from 3.):

JP Morgan - Chase Nominees Limited

CREST: BO01 - Account 11429

5. Date of the transaction and date on
which the threshold is crossed or
reached:

Trade date: 08 June 2017

6. Date on which issuer notified:

09 June 2017

7. Threshold(s) that is/are crossed or
reached:

Above 14%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

14,995,978

14,995,978

15,697,978

14.38%

GG00B1XCHB94

Total

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

15,697,978

14,.38%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

JP Morgan - Chase Nominees Limited is custodian for British Empire Trust plc.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:

15. Contact telephone number:

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

British Empire Trust plc

Contact address

(registered office for legal entities)

Beaufort House, 51 New North Road, Exeter, EX4 4EP, Devon

Phone number & email

01392 477500

avi@capita.co.uk

Other useful information

(at least legal representative for legal persons)

Capita Asset Services acts as Corporate Secretary to British Empire Trust plc

B: Identity of the notifier, if applicable

Full name

Capita Asset Services

Contact address

Beaufort House, 51 New North Road, Exeter, EX4 4EP, Devon

Phone number & email

01392 477500

avi@capita.co.uk

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information