Princess announces May 2013 NAV

News Release

Guernsey, 25 June 2013

Princess reports May 2013 NAV

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess or Company) fell by 0.3% to EUR 8.21 per share in May, adjusted for the first interim dividend payment of EUR 0.26 per share that is due to be paid to shareholders on 26 June 2013. Although valuation developments detracted 0.5% from Princess' NAV in May, over the year-to-date, their impact remains positive (+1.5%), as several portfolio companies have continued to benefit from strong operational improvements.

In line with the Company's intended strategy to transition its portfolio to a pure direct investment vehicle, Princess made a new direct investment in CSS Corp, a global technology support services leader, post month-end.

CSS Corp provides a range of technology support services, including mobility solutions, cloud enablement, technical support and remote infrastructure management to a blue-chip client base that includes some of the largest global technology companies in the US, Europe, India and China. The investment is aimed at supporting the next phase of CSS' growth, with an emphasis on boosting sales by adding delivery centres in new geographies.

In May, Princess' liquidity position benefited from positive net cash flows, as distributions (EUR 5.5 million) from the Company's mature portfolio continued to exceed new investments (EUR 4.2 million). A notable exit from the portfolio during the month was the trade sale of Bausch & Lomb, one of the largest global providers of eye care products, to NYSE-listed Valeant Pharmaceuticals for USD 8.7 billion. From sale proceeds, USD 4.5 billion will be paid to existing investors of Bausch & Lomb while the remainder will be used to repay Bausch & Lomb's debt.

The sale of Bausch & Lomb will generate a return on investment of approximately 3x. Pending regulatory approval, the transaction is expected to close in the third quarter of 2013.

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 28 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

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

Dr. Anna Sexton

Phone: +41 41 784 63 72

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 Private Equity Holdings. 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.