Princess' NAV increased by 5.2% in H1 2012

News Release

Guernsey, 15 August 2012

Princess achieves NAV growth of 5.2% for the first half of 2012

Princess Private Equity Holding Limited (Princess or the Company) today published its Half-Year Report for 2012. The key items were:

n Princess' net asset value (NAV) grew by 5.2% to EUR 9.03 per share in the first half of 2012, adjusted for the interim dividend payment of EUR 0.24 per share distributed to shareholders in June.

n Valuation developments contributed the most to NAV growth over the six month review period (+5.3%), as the portfolio's underlying companies continued to show strong operational improvements.

n In line with Princess' phased transition towards becoming a direct investment company, EUR 100 million was allocated to the recently formed Partners Group Direct Investments 2012 program.

n The first investment for Princess via this program was in Global Blue, a provider of travel-related financial services headquartered in Switzerland.

n The mature portfolio has seen a high number of successful realizations and generated overall proceeds from exited investments of EUR 83.8 million. Princess is currently evaluating the possibility of selling selected fund positions in the secondary market to further accelerate the phased transition of the portfolio towards global direct investments.

Brian Human, Chairman, comments: "The first half of 2012 saw significant distributions as the mature portfolio exited five of its 15 largest portfolio holdings in terms of valuation. Princess made two new direct investments over the review period, and is also in the process of finalizing an investment into a US-based manufacturer and marketer of medical uniforms. It is our intention to continue paying semi-annual dividends to our shareholders, and we are confident that the Company's high dividend yield of 8.3% (based on the end of June share price), and phased repositioning towards becoming a direct investment company, will appeal to new and existing investors alike."

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first six months of 2012 will be presented in a half-year report published today. The report can be accessed via: http://www.princess-privateequity.net/financialreports

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do

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 27 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

Investor relations contact:

Jan-Frederik Modell

Phone: +44 (0)20 7575 2753

E-mail: [email protected]

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.