Microsoft Word - NBPE - Buy-Back Announcement for Extension of Programme March 2015) - Draft NBPrivateEquityPartnersAnnouncesExtensiontoShareBuy-BackProgramme


27March2015
NBPrivateEquityPartnersLimited("NBPE"or"theCompany"),aclosed-endprivateequity investmentcompany,todayannouncestheextensionofthesharebuy-backprogramme(the "Programme"t)hawt asimplementedwitheffecftrom22Octobe2r 010T.heProgrammewasdueto expireon31March2015.TheBoardbelievesthatitisintheinterestsofshareholdersinthe CompanytoextendthetermotfheProgrammeto31May2015T. heotherpreviouslyannounced termsandconditionsotfheProgrammewinll obt eamendedinanyway.
NBPEhasappointedJefferiesInternationalLimited("Jefferies")tomanagetheProgrammeand authorisedJefferiestoeffecot n-markertepurchasesocf lassAordinaryshares("Shares"o) nbehalf oftheCompanyonEuronextAmsterdamand/orth eSpecialistFundMarketoftheLondonStock Exchangeplc(eachan"Exchange").
PursuantoandduringthetermoftheProgramme,Jefferiesmayindependentlyof,andwithout influencebyNBPEp, urchaseSharesfromtimetotimeaittsabsolutediscretionprovidedthat:
i) themaximumpricepayablefoarShareonanExchangemaynoet xceedthehigheor(fit)he priceotfhelasitndependenttradea; nd(iit)hehighesct urrenitndependenbt idi,neachcase withrespecttotheSharesontherelevanEt xchangea; nd
ii) theaggregatenumberofShareswhichmaybeacquiredonbehalfoftheCompanyin connectionwith eProgramme(inclusiveoaf nySharesrepurchasedbytheCompanypriotro thedateofthisannouncement)shallnotexceed6,776,250(representing13%ofthe Company'sissuedsharecapitaal satthedateotfhisannouncement).
Asathedateotfhisannouncement2, ,269,028 Shareshavebeenboughbt ackbytheCompany pursuanttotheProgrammeA.ssucht,heCompanyispermittedtopurchaseupto4,507,222more SharesundetrhetermsotfheProgramme.
Sharebuy-backsundetrheProgrammewilbl emadepur suanttotheshareholdear uthoritygrantedto theCompanyatheAnnuaGl eneraMl eetingheldon16May2014a, sdetailedintheannouncement madebytheCompanyon19May2014.
DuetothelimitedliquidityintheSharesa,buy-backoSf harespursuanttotheProgrammeonany tradingdayislikelytorepresenatsignificanpt roportionotfhedailytradingvolumeintheShareson therelevanEt xchange(andislikelytomateriallyexceedthe25%and50%limitsotfheaveragedaily tradingvolumeduringSeptember2010asreferredtointheCommissionRegulation(EC)No.
2273/2003onbuy-backprogrammes).
NBPEwilcl ontinuetomakeapublicannouncemenot f anymarkertepurchaseoSf haresnolatetrhan
7:30a.m(.Londontime)/8:30a.m(.Amsterdamtime
o) nthebusinessdayfollowingthecalendarday
onwhichtherepurchaseoccurreSd.haresbou ghbt ackundetrheProgrammewilbl ecancelled.

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NBPRIVATEEQUITYPARTNERSLIMITED Fofrurtheirnformationp, leasecontact: NBPEInvestoRr elations +12146479593 +442037271046F/1T1CI6o0nsulting EdwardBerry LauraEwart

ABOUTNBPRIVATEEQUITYPARTNERSLIMITED

NBPEisaclosed-endprivateequityinvestmenct om panywithclassAordinarysharesadmittedto tradingonEuronexAt msterdamandtheSpecialisFt undMarkeottfheLondonStockExchangeN. BPE hasZDPsharesadmittedtotradingontheSpecialisFt undMarkeottfheLondonStockExchangeand
theDailyOfficiaLl isot Tf heChanneIlslandsSe curitiesExchangeAuthorit yLimitedN. BPEholdsa
diversifiedportfolioodf irect-yieldinginvestmentsc, o-investmentsandfundinvestmentsselectedby theNBAlternativesgroupofNeubergerBerman,diversifiedacrossprivate quityassetclass,
geographyi,ndustryv,intageyeara, ndsponsor.

ABOUTNEUBERGERBERMAN NeubergerBerman,foundedin1939,isaprivate,independent,employee-ownedinvestment manager.Thefirmmanagesequities,fixedincome,private quityandhedgefundportfoliosfor

institutionsandadvisorsworldwideW.
ithofficesin18countriesN, eubergeBr erman'steamismore
than2,100professionalsandthecompanywasnamedbyPensions&Investmentsasa2013and
2014BesPt lacetoWorkinMoneyManagementT. enureds, tableandlong-terminfocust,hefirm
fostersaninvestmenct ultureofundamentarlesearchandindependenthinkingI.mt
anages$250
billioninclienat ssetsasoDf ecember312, 014F. ormoreinformationp, leasevisiot urwebsiteat www.nb.com.

Thips resrseleaseappearasasmatteorrfecordonlyan doens octonstituteanoffetroselolarsolicitationoaf noffetro purchaseany security.

NBPEiesstablishedaacslosed-endinvestmenctompandyomiciledinGuernseNyB. PEharseceivedthneecessarcyonsenottfhGe

FinanciaSlerviceCs ommissionandthSetateosGf uernsePy olicCy ouncNil.BPEirsegisteredwith De utchAuthoritfyotrhFe

uernsey inancial

MarketsasacollectiveinvestmenstchemewhichmayofferparticipationsinTheNetherlandspursuanttoarticle2:66otfheFin ancial MarketsSupervisionAc(tWeot pheftinanciatloezicht)A. lilnvestmentsaresubjecttoriskP. aspt erformanceisnoguarantee offuture returnsT. hevalueoifnvestmentsmayfluctuateR. esultsachievedinthepasat renoguaranteeofuture sultsT. hisdocument isnot intendedtoconstitutelegalt,axoraccountingadviceorinvestmenrtecommendationsP. rospectiveinvestorsareadvisedtoseek expert

legalf,inancialt,axandothepr rofessionaal dvicebeforemakinganyinvestmendt ecisionS. tatementcsontainedinthids ocumen

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noht istoricaflactsarebasedoncurrenet xpectationse,stimatesp, rojectionso, pinionsandbeliefsoNf BPE'sinvestmenmt anag erS. uch statementsinvolveknownandunknownrisks,uncertaintiesandotherfactors,andunduerelianceshouldnotbeplacedthereon. Additionallyt,hids ocumenctontain"sforward-lookingstatements.A" ctuaelventosresultostrhaectuaplerformancoeNf BPEm adyiffer materiallfyromthosreeflectedocrontemplatedinsuchtargetosfrorward-lookingstatements.

JefferiesisactingforNBPEandnooneelseinconnectionwiththerepurchaseoSf harespursuanttotheProgrammeandwilnl ot be responsibletoanyoneothetrhanNBPEfopr rovidingtheprotectionas ffordedtoclientosJfefferieosfropr rovidingadvicein relationto suchrepurchaseso,trtohme atterrseferretdiotnhiasnnouncement.

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