Princess' NAV increased by 1.5% in February

News Release

Guernsey, 22 March 2013

Princess' NAV increased by 1.5% in February

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess, or the Company) increased by 1.5% in February, to close the month at EUR 8.47 per share. Valuation developments had a positive (+0.8%) impact on Princess' NAV during the month, as underlying portfolio companies continued to benefit from operational improvements. Currency effects (+0.9%) on this occasion also positively impacted NAV performance, as the US dollar's 4.2% appreciation versus the euro in February helped to enhance returns from the portfolio's US dollar-denominated investments.

In line with the Company's strategic objective to transition to a solely direct portfolio, Princess made a new direct investment in Softonic in February, through its commitment to the Partners Group Direct Investments 2012 program. Softonic operates a global multiplatform software guide that allows users to explore, download and manage software applications on multiple devices. The investment is also firmly aligned to Partners Group's relative value assessment criteria, that targets direct private equity investments in mid-sized companies with strong or leading market positions.

As of 28 February 2013, Princess' portfolio allocation to direct investments was 40%, up 4% from the start of the year.

The Company's net liquidity position further strengthened over the month, as distributions from exited portfolio companies (EUR 3.1 million) continued to outpace new third party fund investments (EUR 0.7 million). A notable partial exit in February was the secondary offering in the shares of Danish telecoms operator TDC, following the company's IPO (re-listing) in December 2010. A further source of distribution proceeds was the dividend pay-out by Sungard, a global software and technology services company with a presence in more than 70 countries.

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). For further information go to: 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.