RNS Number:1001K
New Star RBC Hedge250 IDX (1X GBP)
17 December 2007

                                   HEDGE ETS

            New Star RBC Hedge 250 Index Exchange Traded Securities

                                  PCC Limited

  (A closed-ended investment company incorporated in Guernsey with registered
number 45501 under the provisions of The Companies (Guernsey) Laws 1994 to 1996
      and The Protected Cell Companies Ordinance 1997 to 1998, as amended)


17 December 2007

                           TRANSACTION IN OWN SHARES


New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 17 December 2007 it purchased the number of shares
at the prices set out below; the resulting share capital per class is also set
out in the table below


                                 Shares repurchased          Repurchase price    Resulting share capital
1X US$ Shares                               400,000                 USD 1.037                136,194,543

1X Euro Shares                                    -                       n/a                 47,267,434

1X Sterling Shares                                -                       n/a                 14,817,392

3X US$ Shares                                     -                       n/a                 28,735,282

3X Euro Shares                                    -                       n/a                  8,987,527

3X Sterling Shares                                -                       n/a                  8,089,656


All shares purchased will be cancelled.


All shareholders have equal voting rights based on the number of shares held.  Accordingly, the total number of voting 
rights in the Company is 244,091,834 and this figure may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their interest in, or a change to their interest in, the 
Company under the FSA's Disclosure and Transparency Rules.


Enquiries:

Alison Bilham, HSBC Securities Services (Guernsey) Limited
Tel: +44 (0) 1481 707213


Ends

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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