Princess Priv E Regulatory News (PEY)

News Release

Guernsey, 26 June 2019

NAV increases by 0.8% in May

· Princess Private Equity Holding Limited's (Princess) net asset value increased by 0.8% to EUR 11.38 per share, net of the interim dividend of EUR 0.29 per share

· Portfolio developments (+1.1%) were positive and currency movements flat

· Princess received distributions of EUR 7.0 million and invested EUR 0.2 million during the month

Princess received distributions of EUR 7.0 million during the month, of which EUR 6.2 million stemmed from the mature legacy fund portfolio.

The investment Permotio International Learning (Permotio) was the largest contributor to NAV growth during May. Permotio, an investment vehicle formed to create a leading international schools group through a 'buy and build' strategy, was positively revalued on the back of strong financial performance. For the twelve months ended 31 March 2019, revenue increased by 65.2% year on year to EUR 190.7 million and adjusted EBITDA grew 132.0% over the same period to EUR 65.5 million. This was primarily attributable to add-on investments, which included the three US-based schools BRIS, Broward, and Bellevue, Claremont in the UK, St George in Spain, PdV in Chile, TAE in Mexico, St Jude in Costa Rica and Tenby and APS in Malaysia as well as the strong organic growth of the existing schools within the platform.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/financialreports.

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, a global private markets investment management firm with EUR 73 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 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

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

Email: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: jenny.blinch@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. 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 are 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.