Princess publishes October NAV

News Release

Guernsey, 19 November 2010

Princess publishes October NAV

After a positive performance of +13.80% during the first three quarters of 2010, the net asset value (NAV) of Princess decreased slightly during the month of October by 0.56% to EUR 8.30 per share. The companies in Princess' portfolio continued the positive development of the past few quarters with a positive impact of +1.06% on the NAV. Investments in the mid-cap buyout and venture capital segments particularly contributed to this favorable development. However, foreign exchange movements had an adverse effect on the NAV due to the continued recovery of the euro against the US dollar during the past month. Additionally, Princess made further progress with regards to the announced repositioning of the portfolio and the first tranche of the current secondary sales program is expected to close in December 2010. Princess expects to announce valuation details on the secondary sales after the closing of the respective transactions.

In October, Princess received EUR 10.2 million in distributions from exited portfolio companies compared to EUR 5.8 million in drawdowns for new investments. Amongst others, Princess received a EUR 1.6 million distribution from the exit of the US restaurant chain Logan's Roadhouse, which generated a return of approximately 4.5x the original investment and an internal rate of return (IRR) of 50%.

Urs Wietlisbach, member of Princess' Board of Directors and Executive Vice Chairman of Partners Group, the Investment Advisor, comments: "The successful exit of Logan's Roadhouse underlines the high quality and maturity of Princess' portfolio, which is well positioned to generate further significant distributions to Princess in the future. These distributions from realized portfolio companies, coupled with the anticipated cash proceeds from the secondary sales, should facilitate the implementation of the announced repositioning measures and enable an earlier resumption of dividend payments, and possible share buy-backs, in the months to come."

Further information is available in the October monthly report which can be accessed via http://www.princess-privateequity.net/en/investor_relations/reports.php?ml.

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 20 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.