Princess' NAV increased by 1.0% in March

News Release

Guernsey, 29 April 2013

Princess NAV up 1.0% in March / to hold results presentation today

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess) closed the month at EUR 8.55 per share, representing a 1.0% increase in March and a 1.9% gain over the first quarter of 2013. Valuation developments had a positive (+0.6%) impact on NAV growth during the month, as underlying portfolio companies continued to post healthy results and a number of investments were exited above their previous carrying values. Currency effects had an added positive impact on NAV performance, as the euro weakened versus the US dollar.

In March, Princess' mature portfolio continued to generate healthy distributions (EUR 6.0 million), from exited investments such as AssuraMed, a direct-to-home provider of specialty medical products. During the month, Clayton, Dubilier & Rice Fund VIII sold the company to drug distributor Cardinal Health for a consideration of USD 2.1 billion. Also within the portfolio, STIC Investments sold its stake in Jeil Hydraulics, a Korean manufacturer of hydraulic motors, remote control valves and main control valves for heavy machinery, to Eaton Corporation for KRW 30.8 billion.

In terms of investment activity, Princess also deployed EUR 3.8 million of new capital over the month to support third-party fund investments.

Princess will hold a conference call today at 1.00 pm BST, to update interested parties on the recent developments of the Princess portfolio. The information announced will refer to unaudited figures as of 31 March 2013. 

All lines will be open ten minutes prior to the beginning of the conference call.

The results presentation will be available ahead of the conference 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 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

Contacts

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 Hollmann

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 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.