Half Yearly Report

JPEL Private Equity Limited

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

Unaudited Interim Report and Financial Statementsfor the period ended 31 December 2015

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GUERNSEY, 29 MARCH 2016

JPEL Private Equity Limited ("JPEL" or the "Company") is pleased to announce that the Unaudited Interim Report and Financial Statements ("Semi-Annual Report") for the period ended 31 December 2015 have been posted to the Company's website.

Shareholders may access an electronic copy of the Semi-Annual Report at www.jpelonline.com or www.jpelonline.co.uk by clicking on the "Investor Information" and "Reports" link on the home page.

An electronic copy of the Semi-Annual Report is also attached to this notice.

http://www.rns-pdf.londonstockexchange.com/rns/2825T_-2016-3-24.pdf

A copy of the Semi-Annual Report has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.

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For further information please contact:

JPEL Private Equity Limited

Greg Getschow

+1 212 479-1521

ggetschow@fortress.com

Rosemary DeRise / Samantha Ladd Sughrue

+1 212 497-2908 / +1 212 497-2983

rderise@fortress.com / ssughrue@fortress.com

About JPEL Private Equity Limited

JPEL Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPSZ). The Company's capital structure consists of two classes of shares: US$ Equity Shares and Zero Dividend Preference Shares due 2017, respectively.