NAV up by 3.4% in June

News Release

Guernsey, 24 July 2015

Princess' NAV up by 3.4%

è Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") up by 3.4% to EUR 9.14 per share

è Portfolio developments (+4.0%) were positive while currency movements (-0.3%) were negative over the month

è Princess received distributions of EUR 12.1 million and invested EUR 4.7 million

During the month, Princess' favorable performance was driven by the announced exit of its direct investment in Universal Services of America as well as by the positive revaluations of its direct investments in VAT Vakuumventile and MultiPlan, among others. Partners Group agreed to sell its controlling interest in US security services provider Universal Services of America (Universal) to an affiliate of Warburg Pincus and the investment was written-up as at 30 June to reflect the exit valuation. During Partners Group's holding period, Universal completed over 20 bolt-on acquisitions, the number of employees increased to over 44'000 from over 27'000, while revenues rose by more than 80%. Today, Universal is the fourth largest security services company in the US.

Princess made three direct investments in June, investing a total of EUR 3.2 million in two North American debt transactions and providing EUR 1.3 million to Permotio International Learning to finance the purchase of a school located in the Middle East. This acquisition is awaiting regulatory approval and is expected to close in the coming months. The transaction offers inherent growth potential as the school is operating below capacity in a market with growing demand for quality education. Permotio acquired its first group of schools in Spain in 2014 and subsequently acquired the Cambridge International School in February 2015. To-date, Princess has invested a total of EUR 6.5 million in the company. In addition to this transaction, Partners Group and Permotio's management team are currently in advanced stages of due diligence on potential acquisitions in Latin America and Europe.

Distributions came predominately from Princess' legacy third party fund portfolio (EUR 9.8 million). The largest contributor from Princess' direct investment portfolio was the full realization of quoted holding Select Service Partner (SSP) (EUR 1.2 million), one of the largest global food and beverage travel concessions operators. In 2014, SSP was successfully listed on the LSE at an offering priced at GBP 2.10 per share. At the time of the share sale, the company traded at GBP 2.94 per share.

Princess will hold an investor conference call on 10 August 2015, at 14:00 BST to update interested parties on the recent developments of the Princess portfolio. The information announced will refer to unaudited figures as of 30 June 2015.

The results presentation will be available shortly before the call at http://www.princess-privateequity.net/en/investor_relations/web_cast_live-events.php?ml

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 37 billion (over USD 40 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:

princess@princess-privateequity.net

www.princess-privateequity.net

Registered Number: 35241

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

Partners Group AG

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: Jenny.Blinch@partnersgroup.com

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.