Partners Grp E Regulatory News (PEY)

8 Feb 2008 11:48

Princess Private Equity Holding Ltd08 February 2008 News Release Guernsey, 8 February 2008 Limited impact of market turmoil on Princess' NAV In January, the net asset value (NAV) of Princess Private Equity Holding Limited("Princess") eased by 1.66% to EUR 9.49 per share as of month end. Overall,partnerships reported increases in value for their underlying portfoliocompanies in third quarter 2007 financial statements submitted during January.This underlines the General Partners' continued confidence in the positivedevelopment and future potential of their portfolio companies. However, since Princess applies the IFRS valuation standard based on fair marketvalues, certain adjustments had to be made in order to reflect the currentvolatile market environment. 12% of the Princess investment portfolio iscomprised of listed companies - both listed private equity vehicles andportfolio companies that have been successfully floated but are still in thePrincess portfolio due to lock-up periods. As these are valued at current marketprices, valuations have suffered from the recent stock market turmoil,irrespective of the quality of the underlying assets. In addition, thedepreciation of the US dollar had a further unfavorable impact on the NAV inJanuary. Dr. Henning Eckermann, Chief Economist at Princess' Investment Advisor PartnersGroup, comments: "As an asset class, private equity has a long-term investmenthorizon and the development of investments is much more dependent on themacroeconomic environment than the short term financial market developments. Westill expect the global economy to expand in 2008, albeit more slowly, as we donot see the US entering into a material recession, and believe the slowdown willbe temporary. Furthermore, developing countries led by China and India have thusfar continued to expand strongly. We therefore remain confident for the positivetrend in the NAV development of Princess to continue in 2008." More information is available from the January monthly report published todayunder www.princess-privateequity.net. 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:Brian HumanManaging DirectorPhone: +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 of Princess Private Equity HoldingLimited or any Co-ownership Interests in any jurisdiction. No offer ofsecurities of Princess Private Equity Holding Limited or Co-ownership Interestsis being, or will be, made to the public. The distribution of this document maybe restricted by law in certain jurisdictions. Persons into whose possessionthis document comes must inform themselves about, and observe any suchrestrictions on the distribution of this document. In particular, this documentand 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. Neither the Ordinary Shares nor the Co-ownership Interests have been and will beregistered under the United States Securities Act of 1933 as amended (the''Securities Act''), and, subject to certain exceptions, may not be offered orsold within the United States or to, or for the account or benefit of, USpersons (as such term is defined in the Regulation S under the Securities Act). This information is provided by RNS The company news service from the London Stock Exchange