Princess publishes half yearly report 2013

News Release

Guernsey, 14 August 2013

Princess' NAV increases by 1.8% over the first six months of 2013

Princess Private Equity Holding Limited (Princess or the Company) today published its Half-Year Report for 2013. The key items were:

n Princess' net asset value (NAV) grew by 1.8% to EUR 8.28 per share during the first half of 2013, adjusted for the interim dividend of EUR 0.26 per share distributed to qualifying shareholders at the end of June.

n Positive underlying company developments were the primary contributor to NAV growth over the period (+2.5%), as the portfolio's underlying companies continued to show strong operational improvements despite a low-growth economic environment.

n During the first half of 2013, distributions from successful realizations (EUR 28.3 million) exceeded capital calls from existing third-party commitments to our investment partners (EUR 10.8 million).

n Princess invested a further EUR 15.3 million in three new direct investments, including CSS Corp and Softonic via its allocation to the Partners Group Direct Investments 2012 program.

n The direct investment allocation within the portfolio has increased from 22% to 42% since the end of 2011, and it is envisaged that direct investments will rise to more than half of the portfolio by the end of 2013.

Brian Human, Chairman of Princess Private Equity Holding, comments: "Princess' NAV movement was positive over the first six months of 2013 and we expect this to continue with healthy operating results from underlying portfolio companies and successful realizations from mature fund investments. Further distributions are anticipated from that part of the Princess portfolio which is in harvesting stage and continues to generate strong cash flow. These distributions should help to enhance Princess' already strong liquidity position, while also facilitating new direct investments and supporting the high dividend yield objective of 5-8% of NAV. The latter should address the discount to NAV as well as enhancing the attractiveness of the stock to new and existing shareholders alike."

A detailed analysis and commentary on the developments and performance of Princess' portfolio over the first six months of 2013 will be presented in the 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 over EUR 30 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 Sexton

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 Holdings. 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.