NAV increases by 2.3% in July

News Release

Guernsey, 26 August 2022

NAV increases by 2.3% in July

· Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 2.3% to EUR 14.08 per share

· Portfolio developments were positive (+2.7%) and currency movements were negative (-1.3%)

· Princess invested EUR 26.9 million and received distributions of EUR 2.3 million

In July, NAV partially recovered and increased in value by 2.3%. After the negative revaluations in June, which reflected the volatility observed in public markets during the month, markets recovered some ground in July which had a positive impact on the valuations of a number of portfolio companies.

Princess invested a total of EUR 26.9 million, of which EUR 13.3 million was invested in Forterro, a leading pan-European software services provider. Founded in 2012 and headquartered in London, Forterro has a portfolio of 11 Enterprise Resource Planning software brands, serving over 10,000 customers primarily in the manufacturing space. Forterro's deep domain expertise allows customers to buy more tailored solutions, which increases speed of implementation. The company has over 1,200 employees across its European offices and global development centers. Partners Group will work with management to realize Forterro's value creation potential and further expand its platform across Europe. Key initiatives include accelerating Forterro's organic growth by expanding go-to-market initiatives, making strategic acquisitions in adjacent geographies and sub-verticals, and improving operational efficiency.

EUR 12.1 million was invested in Version 1, a leading digital transformation services provider in the UK and Ireland. Headquartered in Dublin, Version 1 works with private and public sector clients on complex digital transformation programs. The company's services include application modernization, cloud migration services, and cloud-native software engineering, which involves the development of applications in the cloud. Version 1 has approximately 450 clients, including blue-chip companies and central government departments, and 2,100 employees. Partners Group will work with Version 1's management team in its next phase of growth as a leading digital transformation specialist. Partners Group's value creation plan aims to achieve double-digit growth by developing the company's service offering and technical depth, building its international presence, and pursuing accretive M&A.

Princess received distributions of EUR 2.3 million during the month, of which EUR 1.9 million stemmed from its private equity investments. The remaining balance of EUR 0.4 million was received from Princess' mature legacy fund portfolio and private debt investments.

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 131 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

Sarah Page

Phone: +44 20 7575 2695

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.