NAV +3.2% in March; conference call on 16/04/10

News Release

Guernsey, 15 April 2010

Princess NAV increases by 3.2% in March; quarterly update conference call to be held on 16 April 2010

The net asset value ("NAV") of Princess increased in March for the fourth consecutive month with a gain of 3.18% to EUR 7.75 per share. Positive valuation developments of the portfolio companies in the Princess portfolio were again the main contributor to the favorable NAV development in the past month and overall had a positive impact on the NAV of 3.22%. Many of Princess' portfolio companies reported improved operating results due to their ability to capitalize on the stabilizing global economy. The US dollar continued its appreciation against the Euro in March and also contributed positively to the NAV development.

Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "We are pleased to see the continuing positive development of the Princess NAV in March. The focus of the companies in the Princess portfolio on operational improvements during the past quarters was certainly beneficial for Princess' NAV. These operational improvements are now reflected in better operating results and higher company valuations and we anticipate further positive valuation developments for Princess over the coming months."

Princess will hold a conference call tomorrow, 16 April 2010 at 9.30am BST in English and at 8.30am BST in German to update interested parties on the recent developments of the Princess portfolio. The information disclosed will refer to unaudited figures as at 31 March 2009.

Date: Friday, 16 April 2010

Time: English:

9:30-10:15am (Dublin, London)

10:30-11:15am (Zurich, Frankfurt)

German:

8:30-9:15am (Dublin, London)

9:30-10:15am (Zurich, Frankfurt)

Phone number: +44 207 107 0611 (from the UK)

+41 (0)91 610 5600 (from Continental Europe)

+1 (1) 866 291 4166 (from the US)

All lines will be open ten minutes prior to the beginning of the conference call.

The result presentation will be available at 

http://www.princess-privateequity.net/en/investor_relations/web_cast_live-events.php?ml ahead of the conference call.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global private markets asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. Princess aims to provide shareholders with long-term capital growth. Princess is traded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net

Contacts

Princess Private Equity Holding Limited:

[email protected]

www.princess-privateequity.net

Registered Number: 35241

Media enquiries:

Partners Group AG

Tamara Krebs

Communications

Tel.: +41 41 768 85 26

[email protected]

www.partnersgroup.com

This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holding Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.

This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document.

Approved by Partners Group (UK) Ltd., authorized and regulated by the Financial Services Authority in the United Kingdom.