NAV increased by +0.6% in July

News Release

Guernsey, 26 August 2014

+0.6% in July - New direct mezzanine investment 

è Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") increased by +0.6% to EUR 8.25 per share

è Positive currency movements (+0.5%) and portfolio developments (+0.2%) during the month

è Princess received distributions from its legacy fund portfolio of EUR 8.7 million and EUR 3.5 million from its direct investments; capital deployed to new and existing investments amounted to EUR 3.0 million

In July, Princess deployed EUR 3.0 million to new and existing investments including the EUR 1.2 million direct investment to fund the junior debt financing of Labeyrie Fine Foods (Labeyrie), a French premium food producer. Partners Group acted as mandated lead arranger for the junior debt financing of Labeyrie in the acquisition of a joint-control stake by PAI Partners alongside the company's parent Lur Berri. Founded over 50 years ago, Labeyrie is a leading European food producer focused on gourmet foods including smoked salmon and fish, prawns and shellfish as well as gastronomic specialties and convenience food. Labeyrie has been a household name for French consumers for decades, is a market leader in the UK and also enjoys longstanding relationships with some of the largest food retailers in Europe. The credit quality is reinforced by the company's strong brand and its geographical diversification with customers in more than 40 countries. This allowed Labeyrie to perform strongly and to remain unscathed during the financial crisis.

Distributions from Princess' direct portfolio came predominately from two portfolio companies. The first one, Healthcare operator 2, is located in Europe and was sold to a strategic buyer during July. Princess received EUR 2.1 million from this successful exit, representing an uplift of over 30% from the 31 March 2014 carrying value.

The second company, Education publisher 2, is a global publisher of education materials and learning solutions and made a dividend payment following a successful private placement of senior debt. The capital raised was mainly used to make a return of capital to equity holders. Funds returned to Princess amounted to EUR 1.3 million.

Further information is available in the monthly report which can be accessed via:

http://www.princess-privateequity.net/financialreports.

Ends.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is advised in its investment activities by Partners Group AG, a global private markets investment management firm with over EUR 31 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 and an attractive dividend yield. Princess is traded 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

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: [email protected]

Media relations contact

Partners Group AG

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: [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. 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. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.