Partners Grp E Regulatory News (PEY)

11 Mar 2008 07:00

Princess Private Equity Holding Ltd10 March 2008 Guernsey, 10 March 2008 Stable NAV development in February In the reports received to date since year-end 2007, partnerships in thePrincess Private Equity Holding Limited ("Princess") portfolio have reportedoverall increases in value, as a result of favorable realizations achieved andthe General Partner's confidence in the future development of their investments.Adjustments made to base the NAV on fair market values were also positive forthe month. This resulted in a 0.16% rise in the NAV in February. However, thestrong depreciation of the US dollar, which again fell by around 2.1% during themonth, had an unfavorable impact on the un-hedged part of the Princessportfolio, accounting for a 0.32% decrease in NAV. Operating and financingexpenses and other income components represent the residual net movement in theNAV, which in sum remained broadly stable, easing by 0.21% to EUR 9.47 pershare. After a steep share price drop in January 2008 Princess has seen a strongrebound in its share price. The discount to NAV now stands at 21% against 31%last month. Urs Wietlisbach, Director of Princess, comments: "We are pleased to report thata number of partnerships in the portfolio submitted upward valuation adjustmentsfor the year-end 2007. As the performance of private equity funds does notdepend on short term-fluctuations on the financial markets, but rather onlong-term macroeconomic developments which we believe will be positive in themid term, we continue to maintain a positive assessment for the prospects ofPrincess." About Princess: Princess is an investment holding company founded in 1999 and domiciled inGuernsey that invests in private equity and private debt investments. TheCompany is advised in its investment activities by Partners Group, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with over CHF 24 billion assets under management in privateequity, private debt, private real estate, listed alternative strategies, hedgefunds and alternative beta strategies. Princess aims to provide shareholderswith long-term capital growth and an attractive dividend yield. Princess istraded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the LondonStock Exchange (ticker symbol: PEY). Further information:www.princess-privateequity.net Contacts: Princess Private Equity Holding Limited:Ken BallGeneral ManagerPhone: +44 1481 730 946princess@princess-privateequity.netwww.princess-privateequity.net Media enquiries and Partners Group:Tamara KrebsCommunicationsTel.: +41 41 768 85 26tamara.krebs@partnersgroup.netwww.partnersgroup.net This document does not constitute an offer to sell or a solicitation of an offerto buy or subscribe for any securities and neither is it intended to be aninvestment advertisement or sales instrument of Princess Private Equity HoldingLimited. The distribution of this document may be restricted by law in certainjurisdictions. Persons into whose possession this document comes must informthemselves about, and observe any such restrictions on the distribution of thisdocument. In particular, this document and the information contained therein isnot for distribution or publication, neither directly nor indirectly, in or intothe United States of America, Canada, Australia or Japan. This document may have been prepared using financial information contained inthe 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 anythird party. This document may describe past performance, which may not beindicative of future results. The product does not accept any liability foractions taken on the basis of the information provided in this document. Issued and approved by Partners Group (UK) Ltd., authorised and regulated by theFinancial Services Authority in the United Kingdom. This information is provided by RNS The company news service from the London Stock Exchange