Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 23 August 2012

Princess' NAV increased by 1.9% in July

In July, the net asset value (NAV) of Princess Private Equity Holding Limited (Princess, or the Company) increased by 1.9%, closing the month at a year-to-date high of EUR 9.19 per share. As a result, the Company's year-to-date NAV growth of 7.2% now stands above the 6.6% returned over the full-year 2011.

During the month, Princess' NAV growth received support from positive revaluation developments (+0.6%). These included the strong operational performances of underlying portfolio companies - which continue to defy the global macroeconomic malaise - and successful exits, such as the announced sale of Princess' direct investment in the industrial safety technology provider Bartec. Positive currency effects (+1.5%) resulting from the US dollar's relative appreciation against the euro also contributed to NAV growth.

The investment in Bartec proved to be the largest single contributor to Princess' positive revaluation during the month. Key to this was the agreement reached in July between Princess and Charterhouse Group for the latter to buy Princess' entire holding in Bartec at a significant premium to its previous carrying value. Bartec's positive revaluation also received support from the company's strong operational performance. In the four years following its acquisition in 2008, Bartec almost doubled its EBITDA, due in part to operational value creation initiatives such as the strengthening of its market position in the Middle East. Subject to customary merger control approvals, the sale of Princess' holding in Bartec is due to close in September 2012.

Elsewhere, Princess closed the previously announced direct investment into the travel-related financial services firm Global Blue. In terms of new investments, the Company is currently in the process of finalizing a direct investment into a US-based manufacturer and marketer of medical uniforms.

Distribution proceeds (+EUR 8.0 million) from the likes of Lifeways Community Care and other exited investments continued to exceed outgoings from new investments (-EUR 6.4 million) over the month, which ultimately had a positive impact on Princess' already healthy liquidity position.

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.