Princess' NAV continues to show stable performance

News Release

Guernsey, 23 February 2012

Princess' NAV continues to show stable performance in January

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess) remained broadly flat in January, closing the first month of 2012 at EUR 8.81 per share (-0.2%). Recovering public markets and successful realizations of portfolio companies above their previous carrying value made a positive contribution to performance (+0.6%) during the month. However, this was more or less offset by negative currency effects, as the euro strengthened against the US dollar over the month.

Following a record quarter for distributions in the fourth quarter of 2011, Princess' mature portfolio started the new year on a good note, by generating realization proceeds of EUR 6.5 million over the month. A key contributor was the EUR 2.5 million distribution received by Princess from Aksia Capital III's sale of Robuschi, an Italian-based manufacturer of centrifugal vacuum pumps and rotary lobe blowers. This sale was completed at a multiple of more than 4x on cost and an IRR exceeding 35%. Princess also received a EUR 0.9 million distribution from Candover 2005 Fund following the sale of Capital Safety Group, a UK-based maker of fall protection and height safety equipment, to KKR for USD 1.1 billion. The sale of Capital Safety Group represents a return of approximately 2.7x the fund's original cost of investment.

New investments on the other hand totaled EUR 3.2 million, thereby generating a positive cash flow for the Princess portfolio over the month.

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 EUR 25 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.