Princess Priv E Regulatory News (PEY)

News Release

Guernsey, 12 November 2013

Princess announces dividend payment and publishes 2013 nine-month report

The Board of Directors of Princess Private Equity Holding Limited (Princess or the

Company) is pleased to announce a second interim dividend of EUR 0.27 per share for the 2013 calendar year. The total dividend due to shareholders is therefore EUR 0.53 per share for the year, including the interim dividend of EUR 0.26 per share distributed in June. This translates into a dividend yield of 6.4% on NAV per share (as of 30 September 2013) and a yield of 7.9% on Princess' share price, based on yesterday's closing price on the London Stock Exchange.

In addition, Princess today published its interim report for the nine-month period ended 30 September 2013. The key points were:

n Princess' net asset value (NAV) increased by 2.2% to EUR 8.32 per share over the year-to-date, adjusted for the interim dividend of EUR 0.26 per share distributed in June.

n Positive valuation developments, in the form of successful exits and operational improvements by underlying portfolio companies, proved to be the main performance driver (+4.2% over the period) in NAV terms. However, this positive performance was limited by foreign exchange movements (-0.9%).

n Partners Group as Investment Advisor completed four new direct private equity transactions in the first nine months of 2013. The most recent was Universal Services of America (USA), a provider of diversified security services to some of the largest real estate management companies in the US.

n Princess deployed EUR 32.6 million in capital to new investments, of which EUR 18.9 million has been used for direct investments and EUR 13.7 million for calls from third party funds.

n An agreement was signed to sell Princess' largest portfolio holding, AHT Cooling, a global market leader for commercial plug-in cooling and freezing equipment. The company was subject to a write up as Partners Group agreed to sell to Bridgepoint.

n Princess received distribution proceeds from exited investments (EUR 47.8 million) and secondary sales (EUR 15.5 million).

Brian Human, Chairman, comments: "We are delighted to announce a second interim dividend of EUR 0.27 per share, bringing the total dividend for 2013 to EUR 0.53 per share, representing a yield of 7.9%, based on yesterday's closing share price. The Board recognizes the importance of the dividend for Princess' shareholders and remains fully committed to the current policy to distribute to 5-8% of NAV annually.

We believe the attractive dividend yield and the further transition towards becoming a pure direct investment vehicle continues to enhance shareholder value. Given Princess' strong liquidity position, the Company may also access the Investment Advisor's strong deal flow of private debt and senior loan transactions where yields remain attractive. This will supplement the pipeline of global small and mid-cap direct opportunities, with a number of potential investments at an advanced stage, putting capital to work for shareholders."

The second interim dividend for the year will be paid on 18 December 2013. The relevant date for the entitlement to the dividend (record date) will be 22 November 2013 and the corresponding ex-dividend date will be 20 November 2013. The Company intends to pay dividends semi-annually following the publication of the quarterly reports as of 31 March and 30 September.

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first nine months of 2013 will be presented in an interim 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 London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net

Contacts

Princess Private Equity Holding Limited:

princess@princess-privateequity.net

www.princess-privateequity.net

Registered Number: 35241

Media enquiries:

Partners Group AG

Dr. Anna Sexton

Communications

Tel.: +41 41 768 83 72

anna.sexton@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 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.