NB Private Equity Partners Ltd. — Net Asset Value 2011

Sep 14, 2011

NB Private Equity Partners Announces Re-statement of July 2011 Trading Volume

13 September 2011

NB Private Equity Partners Limited ("NBPE" or "the Company"), a closed-end private equity investment company, today announced a re-statement of the July 2011 trading volume that was included in NBPE's July 2011 monthly NAV update.

Due to an administrative error, on page 3 in the July 2011 monthly NAV update and July 2011 monthly NAV update press release issued on 10 August 2011, the aggregate trading volume on Euronext, the London Stock Exchange and over-the-counter trading was stated as 1,629,666 shares, with an average trading volume of 77,603 shares, and over-the-counter trading volume of 88,540 shares. The aggregate trading volume should have been stated as 666,929 shares, with an average daily trading volume of 31,759 shares, and over-the-counter trading volume of 124,803 shares.

Copies of this press release, the originally issued July 2011 monthly report and July 2011 monthly NAV update press release are published on NBPE's website at www.nbprivateequitypartners.com/default.aspx. The monthly report should be read in conjunction with this announcement.

For further information, please contact:

NBPE Investor Relations	+1 214 647 9593
Financial Dynamics	+44 20 7269 7114
Neil Doyle
Laura Pope
Edward Berry

About NB Private Equity Partners Limited

NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange. NBPE has ZDP shares admitted to trading on the Specialist Fund Market of the London Stock Exchange and the Daily Official List of the Channel Islands Stock Exchange. NBPE holds a diversified portfolio of private equity fund investments and direct / co-investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year, and sponsor.

About Neuberger Berman

Neuberger Berman Group LLC is one of the world's leading independent, employeecontrolled asset management companies. As of 30 June 2011, assets under management were approximately \$198 billion. Established in 1939, Neuberger Berman provides a broad range of global investment solutions – equity, fixed income, and alternatives – to institutions and individuals through customized separately managed accounts, mutual funds and

alternative investment products. For more information please visit Neuberger Berman's website at www.nb.com.

This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. NBPE is registered with the Dutch Authority for the Financial Markets as a collective investment scheme which may offer participations in The Netherlands pursuant to article 2:66 of the Financial Markets Supervision Act (Wet op het financial toezicht). All investments are subject to risk. Past performance is no guarantee of future returns. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE's investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains "forward-looking statements." Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.