Princess Priv E Regulatory News (PEY)

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

NAV increases by 0.8% in January

· Net asset value increased by 0.8% to EUR 14.27 per share; total NAV at EUR 986.7 million

· Currency movements contributed 0.9%, while value creation added 0.2%

· Princess invested EUR 2.4 million and received distributions of EUR 1.4 million

· Partial repayment of credit facility to minimize financing cost on drawn down balance

Princess invested EUR 2.4 million, of which EUR 1.9 million was provided as additional capital to EyeCare Partners, one of the largest clinically integrated medical vision services providers in the US, and International Schools Partnership, a leading global K-12 schools group. The additional capital will be used to support operations and acquisition pipelines. The remaining EUR 0.5 million was deployed in additional investments across the portfolio.

Princess received distributions of EUR 1.4 million, of which EUR 1.0 million was received from its investment in Global Blue, an NYSE-listed provider of VAT refund and foreign exchange services for international travelers. This was the result of a USD 100 million strategic equity investment from internet and technology company Tencent and a refinancing of the company's debt, both occurring in November 2023. 

In addition, the cash balance reduced as a result of partially repaying the drawn amount on the revolving credit facility in order to minimize the financing cost for the Company.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

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:

princess@partnersgroup.com

www.princess-privateequity.net

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.