RNS Number:9949S
New Star RBC Hedge250 IDX (1X GBP)
23 April 2008

                                   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)





23 April 2008



                           TRANSACTION IN OWN SHARES



New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 23 April 2008 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    Shares held in
                                                                      capital excluding          treasury
                                                                         shares held in
                                                                               treasury

1X US$ Shares                            -                     -            116,625,473           855,000
1X Euro Shares                      71,000                1.0010             45,330,946           559,000
1X Sterling Shares                  98,000                1.0200             13,026,392           358,000
3X US$ Shares                       41,335                0.9520             26,781,957         1,681,335
3X Euro Shares                     193,934                0.9360              8,801,635           230,934
3X Sterling Shares                       -                     -              7,771,313           253,000





All shares purchased will be held in treasury.



All shareholders have equal voting rights based on the number of shares held.
Accordingly, the total number of voting rights in the Company is 218,337,716 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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