Princess Priv E Regulatory News (PEY)

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

Changes to Board composition

Princess Private Equity Holding Limited today announces the following:

Mr Gerhard Roggemann has accepted an invitation to join the Board as a Non-Executive Director with effect from today.

Gerhard Roggemann currently serves as a board member for the Else-Kroener-Fresenius Foundation, is Deputy Chair of the Supervisory Board for Bremer AG, and he is also an independent business consultant, based in Hanover, Germany. Gerhard's professional experience includes serving as a non-executive director and later as Chair of the Supervisory Board of Deutsche Beteiligungs AG (DBAG), a Frankfurt-listed private equity firm focused on German mid-market buyouts (2009-2020). He has also been a non-executive director of a number of prominent German and UK companies, including Deutsche Boerse AG, Fresenius SE & Co KGaA, Friends Life Group Plc, F&C Asset Management Plc and Resolution Ltd Guernsey. Gerhard previously worked in senior management positions at JP Morgan & Co, Norddeutsche Landesbank and WestLB. In all these functions his responsibilities centered around investment banking, trading, and investment management.

In accordance with section 9.6.13 of the UKLA Listing Rules Gerhard and connected parties have the following beneficial interest in shares of the Company at the date of this announcement:

771,867 shares in Princess Private Equity Holding Limited

Peter McKellar, Chair, commented:

"I am pleased to welcome Gerhard Roggemann as our most recent non-executive appointment to the Princess Board. His extensive experience serving on boards and deep industry expertise in listed private equity and the European financial sector will be incredibly valuable. Moreover, his knowledge and connections in the UK and Continental Europe will be helpful as we seek to increase shareholder engagement. We are confident Gerhard's skills will be a strong complement to the Board."

Gerhard Roggemann, Non-Executive Director-elect, commented:

"I am delighted to join the Board of Princess. Being a dedicated shareholder for many years, I have closely monitored the Company's progress. My familiarity with its history and with the listed private equity sector makes me eager to help Princess achieve success in realizing its goals and delivering value to its shareholders. The Board has the skills to lead Princess through a period of revitalization and I am enthusiastic about contributing as a Board member."

Ends.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests in private equity direct investments. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 147 billion in investment programs under management in private markets, of which USD 76 billion is in private equity. 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:

Registered Number: 35241 LEI: 54930038LU8RDPFFVJ57

Notes:

1. Note that references in this announcement to Princess Private Equity Holding Limited have been abbreviated to "Princess" or "Company". References to Partners Group AG have been abbreviated to "Partners Group " or "Investment Manager".

2. 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.

3. 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.