Schroder Private Equity Names Director

Schroder Private Equity Fund of Funds III has added Gerald Brady to its board of directors. Brady replaces Jonathan Quigley, who resigned from the board in November. Brady was most recently a country head of Northern Trust in Ireland, and was previously a managing director of CFG Ireland. Schroder Private Equity is based in London.

The Board of Directors (the “Board”) of Schroder Private Equity Fund of Funds
III plc (the “Company”) wishes to announce that Mr. Jonathan Quigley resigned
from the Board, for business reasons, on 18 November 2010.

The Board also wishes to announce that with effect from 18 November 2010 Mr.
Gerald Brady was appointed to the Board.

Gerald Brady is an independent, non-executive director and consultant in the
regulated, international funds industry. Mr. Brady has extensive experience of
the funds industry, both as a director and full-time executive, and from May
2007 was Country Head of Northern Trust in Ireland, up to the date of his
resignation in September 2010. From May 2004 to May 2007, Mr. Brady was Managing
Director of CFG Ireland, where he helped to establish a regulated management and
fund administration business, and was previously Regional Managing Director of
Bank of Bermuda in Europe and Country Head of Bank of Bermuda in Ireland, where
he had overall senior management responsibility for the international funds
administration and banking business being conducted in Europe for Bank of
Bermuda. Mr Brady served as a member of Bank of Bermuda’s Senior Management
Committee in Bermuda, and, in the course of his career with Bank of Bermuda,
held a number of other senior management positions, namely Global Head of
Internal Audit and Managing Director of Bank of Bermuda in Cayman. Mr. Brady is
professionally qualified as a chartered accountant (FCA) and chartered financial
analyst (CFA), having obtained Fist Class Honours in Economics at Queen’s
University, Belfast.

A memorandum detailing the names of all the companies and partnerships of which
Mr. Brady has been director or partner at any time in the previous five years,
together with an indication of whether or not he is still a director or partner,
is available for inspection at the offices of Northern Trust, George’s Court,
54-62 Townsend Street, Dublin 2, upon request.

Save as disclosed herein, no further information is required to be disclosed in
relation to Mr. Brady under the Irish Stock Exchange’s listing requirements for
investment funds.