Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 24 September 2012

Princess announces August NAV

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess, or the Company) fell by 3.8% in August, as the carrying value of the 17 buyout funds currently being sold by Princess on the secondary market were revalued to reflect their discounted sale price. The transaction ultimately had a negative (-2.7%) impact on the Company's August NAV. Foreign exchange movements provided a further drag (-0.9%) on performance during the month as the US dollar depreciated versus the single European currency, reversing last month's currency movements. So despite positive valuation developments within the existing portfolio in August (+0.2%), Princess' NAV ended the month down at EUR 8.84 per share. Year-to-date the Company's NAV growth stands at 3.1%.

Just last week, Princess announced that it had signed a binding agreement to sell a portfolio of mainly North American and European large cap buyout fund positions to a third-party buyer at an aggregate discount of 4.9%. The aim of the transaction is to accelerate the phased transition of the portfolio towards global direct investments. In further support of this strategic initiative, Princess participated in a direct investment in Strategic Partners, a leader in the manufacturing and marketing of medical uniforms, medical footwear and school uniforms, with products sold throughout the United States.

The Company remained cash-flow positive over the month as strong distribution proceeds (+EUR 11.2 million) from exits, notably InterDent and Plex Systems, exceed outgoings from new investments (-EUR 1.7 million). This ultimately had a positive impact on Princess' already healthy liquidity position. Year-to-date, the Company's mature portfolio has generated exit proceeds of EUR 103.0 million, approximately 90% of 2011's total distributions.

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 AG, a global private markets investment management firm with over EUR 25 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 Frankfurt Stock Exchange (ticker symbol: PEY1) and on the 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

Investor relations contact

Jan-Frederik Modell

Phone: +44 (0)20 7575 2753

E-mail: jan-frederik.modell@partnersgroup.com

Media relations contact

Partners Group AG

Dr. Anna Hollmann

Phone: +41 41 784 63 72

E-mail: anna.hollmann@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.