3i Quoted Private Equity Limited
01 May 2008

3i Quoted Private Equity Limited
Investment Update



3i Quoted Private Equity Limited ("3i QPEL") notes the announcement made by
Hydrogen Group plc ("Hydrogen") earlier today stating that the scheme of
arrangement in relation to Hydrogen's proposed acquisition of Imprint plc ("the
Scheme") has lapsed in accordance with its terms.

As a result, the proposed partial offer by 3i QPEL for ordinary shares in
Hydrogen (announced on 20 December 2007), which was to be conditional on the
success of the Scheme, is incapable of becoming unconditional and therefore the
partial offer will not be made.

The subscription obligations of 3i QPEL for ordinary shares and convertible
notes in Hydrogen (also announced on 20 December 2007), and which were also
conditional on the success of the Scheme, will not therefore be made.

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Enquiries


3i QPEL                                                              Telephone: (0) 1534 711 445
David Tyler, Chairman
3i Investments plc (investment adviser to 3i QPEL)                   Telephone: 020 7975 3190
Jennifer Letki, press office
Hawkpoint (Financial adviser to 3i QPEL)                             Telephone: 020 7665 4500
Simon Gluckstein / Vinay Ghai
Hoare Govett (Broker to 3i QPEL)                                     Telephone: 020 7678 8000
Gary Gould



NOTES TO EDITORS

About 3i Quoted Private Equity Limited

3i Quoted Private Equity Limited ("3i QPEL") is a Jersey-incorporated, public
closed-end investment company whose shares are listed on the Official List and
admitted to trading on the London Stock Exchange's main market for listed
securities. Its strategy is to invest in quoted companies where it can introduce
private-equity techniques and methodologies.

3i QPEL is advised in its investment decisions by 3i Investments plc (a
wholly-owned subsidiary of 3i Group plc), which has more than 25 years'
experience in the healthcare sector. 3i QPEL raised around £400 million at its
initial public offer last year. For more information, please visit
www.3iqpe.com.




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