Princess completes direct mezzanine investment

News Release

Guernsey, 12 September 2011

Princess completes direct mezzanine investment

Princess Private Equity Holding Limited (Princess) during the month of September made a direct mezzanine investment into Securitas Direct, the Swedish headquartered provider of monitored alarm solutions for residential and small business customers. The mezzanine investment, which is in line with Princess' new focus on direct investments, was made in support of the recent acquisition of Securitas Direct by Bain Capital and Hellman & Friedman. Securitas Direct has shown strong year on year growth during the past few years and has a leading market share in its key home markets. The credit quality is reinforced by a subscription-based business model with a large portion of recurring revenue, which is supported by a broad customer base of close to 1.4 million clients.

Thanks to its mature portfolio, Princess experienced a high level of realization activity over recent quarters. Notably, in August, Princess received a EUR 7.0 million distribution from the previously announced exit of Jack Wolfskin, the German maker of outdoor clothing and one of Princess' five largest portfolio companies in terms of net asset value (NAV). The sale of Jack Wolfskin generated a return of more than ten times the original purchase price. Overall, distributions from successful exits continued to outpace new investments during the month of August.

Urs Wietlisbach, member of Princess' Board of Directors and Executive Vice Chairman of Partners Group, the Investment Advisor, commented: "We believe that the mezzanine investment in Securitas Direct offers a particularly attractive risk return profile, which partly stems from the company's recession-resilient business model. The EUR 7.0 million distribution from the successful Jack Wolfskin exit further strengthens Princess' net cash position, and we remain confident that the on-going transition of the portfolio towards direct investments, together with the attractive dividend yield on the share price, should create further value for Princess' shareholders."

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 20 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 Frankfurt Stock Exchange (ticker symbol: PEY1) and 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

Media enquiries:

Partners Group AG

Dr. Anna Hollmann

Communications

Tel.: +41 41 768 83 72

[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 Holding Limited. 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.