Princess Priv E Regulatory News (PEY)

News Release

Guernsey, 11 March 2020

Princess publishes Annual Report 2019

Princess Private Equity Holding Limited ("Princess" or the "Company") today published its Annual Report for 2019. The key items were:

· Net Asset Value ("NAV") increased to EUR 12.56 per share, representing a total return of +21.1% for the year.

· Share price total return over the same period was +37.4%.

· Princess increased the total dividend in 2019 to EUR 0.58 (2018: EUR 0.56), representing 5.3% of opening NAV.

· Valuation developments (+25.0%) were the key driver of NAV growth. The largest contributors to NAV growth were the investments in Permotio, Action, GlobalLogic, KinderCare and Foncia.

· Investment activity totalled EUR 69.3 million, including new investments in Nestlé Skin Health, Axel Springer, Convex Group, Idera, Blue River PetCare, Confluent Health, BCR Group, and Schleich, and an add-on investment in Permotio International Learning.

· Realizations of EUR 104.1 million including the full exits of Vermaat and Agiliti.

Richard Battey, Chairman comments: "During 2019 Princess achieved a positive NAV performance driven by the continued growth of a number of its portfolio companies. Princess' portfolio provides shareholders with exposure to a global portfolio of leading private companies, operating in sub-sectors benefitting from long-term, structural growth drivers such as technology, education and healthcare. In an environment where companies are electing to remain privately-owned for longer, an investment in the shares of Princess provides investors with exposure to fast-growing companies that are otherwise challenging for investors in quoted equity markets to access."

A detailed analysis and commentary on the developments of Princess during 2019 is presented in the Annual Report published today, which can be accessed via:http://www.princess-privateequity.net/en/investor_relations/reports.php 

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://www.morningstar.com/cefs/xlon/pey/quote.html

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, a global private markets investment management firm with EUR 94 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 Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Princess Private Equity Holding Limited:

princess@partnersgroup.com

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

Email: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: jenny.blinch@partnersgroup.com

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. 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 are 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.