Retirement of 2015 ZDP Shares

J.P. Morgan Private Equity Limited

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

RETIREMENT OF 2015 ZERO DIVIDEND PREFERENCE SHARES

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GUERNSEY, 16 NOVEMBER 2015

On 3 November, JPEL's 2015 ZDP Shares (Ticker: JPZZ) were successfully redeemed and cancelled.

The Final Capital Entitlement of the 2015 ZDP Shares was approximately £58.6 million at retirement and paid to shareholders on record on 30 October. The redemption was financed by cash on hand and utilisation of the Company's credit facility.

As a result of the retirement of JPEL's 2015 ZDP Shares, JPEL's total leverage has decreased by approximately 50% from 31 December 2013 to 30 October 2015.

Accordingly, following their redemption, the 2015 ZDP Shares' admission to the Official List and their trading on the Main Market of the London Stock Exchange was cancelled on 30 October 2015.

Over the past few years, JPEL's capital position has improved as a result of the Board's actions to fortify the Company's balance sheet. The retirement of the 2015 ZDP Shares is the most recent example of the Company's ability to reposition and strengthen its balance sheet.

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About J.P. Morgan Private Equity Limited

J.P. Morgan 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.

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow

+1 212 648 1150

[email protected]

Rosemary DeRise / Samantha Ladd

+1 212 648 2980 / +1 212 648 2982

[email protected] / [email protected]