RNS Number:6125T
New Star RBC Hedge250 IDX (1X GBP)
01 May 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)


1 May 2008

                           TRANSACTION IN OWN SHARES

New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited (the "
Company") announces that on 1 May 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 capital
1X US$ Shares                                 -                        -              115,722,495
1X Euro Shares                                -                        -               45,219,470
1X Sterling Shares                            -                        -               12,876,392
3X US$ Shares                           319,553                    0.939               25,562,404
3X Euro Shares                                -                        -                8,801,635
3X Sterling Shares                            -                        -                7,771,313


Of the shares repurchased 250,000 will be held in treasury with the remaining
shares to 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 215,953,709 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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