Result of AGM

News Release

Guernsey, 12 May 2011

Results of Annual General Meeting - shareholders approve portfolio repositioning

Princess Private Equity Holding Limited (Princess or the Company) announces that all resolutions put to shareholders at its Annual General Meeting held today were duly passed on a show of hands, including the adoption of a revised investment policy to shift the main focus to direct investments, rather than fund investments. Further items duly passed by shareholders were to: adopt the financial reports for the year ended 31 December 2010; re-appoint PricewaterhouseCoopers CI LLP as the Company's auditors for the year ending 31 December 2011; re-elect directors; adopt the Company's amended and restated Articles of Incorporation; disapply pre-emption rights in relation to the allotment of securities, subject to certain conditions; and authorize the Company to conduct market purchases of its ordinary shares.

Brian Human, Chairman, comments: "The adoption of the revised investment policy, which allows Princess to shift its investment focus towards direct investments, was supported by 100% of all votes cast. The directors regard this result as a strong sign of the shareholders' appreciation of the overall strategic repositioning of the Company. We confidently expect that the new focus on direct investments leads to broader shareholder appeal and increased transparency for analysts and investors. In conjunction with the on-going share buyback program and the anticipated resumption of dividend payments in the short term, we believe that the portfolio repositioning should create further value for Princess' shareholders."

A copy of the resolutions constituting special business has been submitted to the National Storage Mechanism, and will shortly be made available at: http://www.princess-privateequity.net

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.