Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 22 May 2012

Princess' NAV increased by 1.7% in April

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess, or the Company) increased by 1.7% in April, to close the month at EUR 9.02 per share. As a result Princess' NAV growth for the year-to-date is now 2.4%. Valuation developments proved the main performance driver over the month, with a +1.6% impact on NAV growth, as the Princess portfolio continued to benefit from successful realizations and operational improvements by underlying portfolio companies. Currency movements further enhanced performance (+0.3%) as the euro depreciated against the US dollar over the period.

At the end of April, the Company closed the previously announced small-cap direct investment into Trimco International Holdings Limited (Trimco), the Asia-based global provider of apparel labeling solutions. Founded in 1979, and headquartered in Hong Kong, the management has successfully enlarged Trimco's operational footprint over the last few years with the establishment of subsidiaries in China, India, Thailand and Singapore. To further internationalize the company's footprint, an add-on acquisition in a UK-headquartered international label solution provider with a presence in the UK, Turkey, Romania and other important garment manufacturing hubs was completed shortly after the transaction closed.

Accounting for the Trimco transaction and capital calls from existing third party fund commitments, total investments over the month amounted to EUR 8.3 million, which was again less than the EUR 11.1 million in proceeds received from successful exits over the month. This positive net cash flow helped Princess to further enhance its net liquidity position. In April, Quadriga Capital Private Equity Fund II, distributed EUR 5.1 million to Princess from the sale of Ameos, a company which manages a portfolio of hospitals and nursing homes in Germany and Switzerland, to a consortium of investors led by Carlyle Group.

Princess' intention is to continue paying semi-annual dividends and increasing its direct investment allocation over time. To support the latter, Princess in May allocated EUR 100 million to the recently formed Partners Group Direct Investments 2012 program. The investment will ensure a continued broad portfolio diversification and allow Princess to participate in Partners Group's dedicated direct investment program at no additional management fee. In addition, Princess will continue to invest directly into private equity and mezzanine direct investments to optimize the investment level.

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 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.