RNS Number:8113W
F&C Private Equity Trust PLC
17 May 2007

Form TR-1 with annex. FSA Version 2.1 updated April 2007


For filings with the FSA include the annex

For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares           F&C Private Equity Trust Plc

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


2. Reason for notification (yes/no)                                                 Yes

An acquisition or disposal of voting rights


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


An event changing the breakdown of voting rights


Other (please specify):______________             Deutsche Bank AG

3. Full name of person(s) subject to notification
obligation:                                       Deutsche Bank AG

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




5. Date of transaction (and date on which the     14/05/07
threshold is crossed or reached if different):


6. Date on which issuer notified:                 17/05/07




7. Threshold(s) that is/are crossed or reached:   11%


8: Notified Details
A: Voting rights attached to shares


Class/type of Situation previous to   Resulting situation after the triggering transaction
shares        the triggering
              transaction
If possible   Number of   Number of   Number of   Number of voting rights      Percentage of voting rights
use ISIN code shares      voting      shares
                          rights

                                                  Direct      Indirect         Direct         Indirect
GB0030738164 11,629,145   11,634,933  11,629,145  11,629,145  5,788            8.34           0.00
GB0030738271  4,830,680    4,830,680   3,504,829   3,504,829                   2.52


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial   Expiration date    Exercise/           No. of voting rights    Percentage of voting rights
instrument                             conversion period/  that may be acquired
                                       date                (if the instrument
                                                           exercised/converted)


Total (A+B)


Number of voting rights                          Percentage of voting rights
15,139,762                                       10.86%


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



Proxy Voting:


10. Name of 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:                                       Susan Edgar

15. Contact telephone name:                            0207 628 8000


For notes on how to complete form TR-1 please see the FSA website.




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