NAV increases by 1.2% in May

News Release

Guernsey, 25 June 2021

NAV increases by 1.2% in May

· Princess Private Equity Holding Limited's (Princess or the Company) net asset value increased by 1.2% to EUR 14.54 per share

· Portfolio developments (+1.6%) were positive while currency movements were negative (-0.2%)

· Princess received distributions of EUR 12.2 million

In May, Princess' NAV increased by 1.2%. The positive performance was driven by a number of portfolio companies, with the largest contribution from SRS Distribution (SRS), a US distributor of roofing products. The value of SRS has been written up following a period of strong financial performance. SRS acquired Arrowhead Building Supply, a distributor of residential and commercial roofing, siding, and other related products in May. Arrowhead Building Supply is one of the largest independent roofing distributors in the Midwest and is expected to make an excellent addition to the footprint SRS has in the region.

During the month Princess received distributions of EUR 12.2 million, of which EUR 7.7 million stemmed from the sale of BarBri, a US-based provider of bar exam preparation services. Following strategic product investments and a number of acquisitions in recent years, Barbri now provides a comprehensive product suite addressing the complete legal education lifecycle.

Further, Princess received a distribution of EUR 3.6 million from United States Infrastructure Corporation (USIC), a US-based provider of underground utility locating services. Partners Group continues to work closely with USIC to expand its utility solutions offering. The company is targeting the launch of select services into new markets over the coming year, while continuing with its acquisition strategy.

The remaining balance was received predominantly from Princess' mature legacy fund portfolio.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

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 managed in its investment activities by Partners Group, a global private markets investment management firm with USD 109 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 Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Princess Private Equity Holding Limited:

[email protected]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 20 7575 2771

Email: [email protected]

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: [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 are 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.