NB Private Equity Partners Announces Proposal to Seek Admission to Trading on The Specialist Fund Market of The London Stock Exchange

8 June 2009 NB Private Equity Partners Limited ("NBPE" or the "Company") today announced that the Company intends to seek admission ("Admission") of its shares ("Shares") to trading on the Specialist Fund Market ("SFM") of the London Stock Exchange plc ("LSE"). The Company will retain its current listing on Euronext Amsterdam by NYSE Euronext ("Euronext Amsterdam") and so following Admission the Shares will trade in both London and Amsterdam. NBPE is a closed-end limited liability investment company registered and incorporated under the laws of Guernsey and managed by NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group. The Company's investment objective is to produce attractive returns on its capital from its private equity investments while managing investment risk through portfolio diversification across asset class, vintage year, geography, industry and sponsor. It is expected that trading in the Shares on the SFM will commence in June 2009. Following Admission, the Shares will be traded on both Euronext Amsterdam and the SFM under the symbol NBPE. The Company is not offering any new Shares or other securities in connection with Admission. Rationale for Admission The Directors of NBPE believe that a dual-admission to trading on Euronext Amsterdam and the SFM will be beneficial to the Company for the following reasons: * Increased investor appeal - Admission will increase the Company's global visibility and maximise the Company's target investor base. A number of UK institutions, private client brokers and wealth managers, who are the primary drivers of day-to-day liquidity, have a clear preference for or are mandated to invest only in securities which are traded on the LSE. * Increased market liquidity - Admission will bring the Company under the market making regime in place in London and therefore there will be a price in the Shares at all times. It is hoped that having a number of market makers will help ensure that liquidity, even if in small volumes, will be available at all times. * Increased broker coverage - Admission may serve to increase the coverage of the Company by leading research analysts. This will provide Shareholders and potential investors with more independent information on the Company. * Settled on CREST and Euroclear - following Admission the Shares may be settled through either Euroclear or CREST. * Achieved simply - there has been no need to change the structure, investment objective and policy or corporate governance of the Company to make it eligible for Admission. Oriel Securities Limited is acting as sole sponsor and broker in connection with Admission. Talmai Morgan, Chairman of NBPE, commented: "We are delighted to announce our intention to seek dual-admission to trading of NBPE's Shares on the SFM. London is an important financial centre and admission to trading on the LSE will boost NBPE's visibility among the Company's target investor base. The increased market liquidity offered by a dual-admission should also provide long-term benefits to existing shareholders and potential new investors." For further information, please contact: NBPE Investor Relations +1 214 647 9593 Oriel Securities +44 20 7710 7600 Joe Winkley Sapna Shah Financial Dynamics +44 20 7269 7114 Rob Bailhache Nick Henderson About NB Private Equity Partners Limited NBPE is a closed-end private equity fund of funds investment company listed on Euronext Amsterdam. NBPE holds a diversified portfolio of private equity fund investments and direct co-investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year and sponsor. This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.