PRIVATE EQUITY INVESTOR PLC

The Company announces that the Net Asset Value as at 31 December 2013,
incorporating the unaudited Revenue Reserves to 31 December 2013 and the
Limited Partnerships portfolio revaluations as detailed below was:

Per Ordinary Share (including current period deficit and adjusted for the
Directors' valuation of Twitter*): 228.17 pence (US 377.92 cents).

*Details of the Company's interest in Twitter were announced on 11 November
2013, and a copy of this announcement appears below.

The exchange rate at which this was calculated was £=US$1.656250

Revaluation dates of Limited Liability Partnerships:

APV Technology Partners III                                  30 September 2013

Crescendo IV                                                 30 September 2013

Dawntreader Fund II                                          30 September 2013

Draper Fisher Jurvetson ePlanet Ventures                     30 September 2013

Draper Fisher Jurvetson Fund VI                              30 September 2013

Draper Fisher Jurvetson Fund VII                             30 September 2013

Draper Fisher Jurvetson Gotham Venture Fund                  30 September 2013

Draper Fisher Jurvetson Gotham Venture Fund Expansion        30 September 2013
Unit

Focus Ventures II                                            30 September 2013

Francisco Partners II                                        30 September 2013

Institutional Venture Partners XII                           30 September 2013

New Enterprise Associates 9                                  30 September 2013

New Enterprise Associates 10                                 30 September 2013

New Enterprise Associates 12                                 30 September 2013

Oak Investment Partners X                                    30 September 2013

Sprout Capital IX                                            30 September 2013

TCV IV                                                       30 September 2013

Vanguard VII                                                 30 September 2013

Vantagepoint Venture Partners IV                             30 September 2013

Vantagepoint 2006 Fund                                       30 September 2013

Vector Capital IV                                            30 September 2013

Zone Venture Fund II                                         30 September 2013

Zone Venture Fund II Annex                                   30 September 2013

Original Market Release Regarding Twitter - 11 November 2013



Private Equity Investor PLC



Private Equity Investor PLC (the "Company") is pleased to announce the initial

public offering (IPO) of one of its underlying holdings, Twitter, Inc.,

(www.twitter.com), a leading global social media company. The Company's
interest

in Twitter is through its investment in Institutional Venture Partners XII,

L.P. Twitter priced its IPO on 6 November 2013 at $26 per share, and began

trading on the New York Stock Exchange (NYSE) on 7 November under the ticker

TWTR. As at 8 November 2013, the latest price available, Twitter's stock price

closed at $41.65, representing an uplift of over 60% from its IPO price.



The Company's reported Net Asset Value ("NAV") is based on the aggregate net

asset values of the funds in which it has invested (the "Funds"). These Funds

report quarterly and it has not been the Company's practice or policy to make

interim revaluations of holdings in the Funds. However, the Company notes that

the value of Twitter, at the 8 November 2013 closing price of $41.65, could be

significant in relation to the Company's current NAV. There are a number of

factors that complicate the calculation of the Company's underlying interest in

Twitter and prevent an accurate valuation. The Directors estimate, however,

that the current approximate increase in NAV per share from its latest

published NAV of 219.58p per share, released on 7 November 2013, at the

prevailing exchange rate, Twitter's price of $41.65 per share and after making

allowance for the lack of marketability of its shares, would be 7.6p per share.



A more precise valuation of the Twitter holding will be reported to the Company

in the future by IVP XII L.P. and, thereafter, the Company expects to revert to

its normal valuation and reporting policy. Until that time, and provided that

the value of the investment continues to be material, the Company will adjust

its published NAV, which is announced monthly, to reflect the Directors'

valuation of the Company's interest in Twitter.

08 January 2014