Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 26 June 2012

Princess' NAV increased by 2.3% in May

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess, or the Company) increased by 2.3% in May to EUR 8.99 per share, adjusted for the interim dividend payment of EUR 0.24 per share that was paid out to shareholders on 22 June 2012. Accordingly, Princess' year-to-date NAV growth now stands at 4.8% when accounting for the dividend payment. Positive currency effects (+2.7%) proved to be the key performance driver over the month, as Princess' large US exposure benefited from the dollar's significant appreciation versus the euro.

Valuation developments by underlying portfolio holdings detracted (-0.2%) from Princess' NAV in May. Though portfolio companies continued to deliver healthy operational performances during the month, these positives were offset by falling share prices in global public markets, which prompted the investment manager to adjust the holding value of certain portfolio companies.

In the current portfolio, distribution proceeds (EUR 8.7 million) from realized investments exceeded capital called from third party funds (EUR 1.9 million) by as much as EUR 6.9 million in May. The bulk of this distribution was attributable to the repayment of senior loan notes by HD Supply (EUR 2.9 million), a large industrial distribution company in North America.

In May, Princess, through its recent allocation to the Partners Group Direct Investments 2012 program, agreed to acquire a stake in Global Blue, a provider of travel-related financial services headquartered in Switzerland. Global Blue's tax-free shopping business offers refund services through a partnership network of more than 270'000 retail merchants worldwide and refund counters at major airports. The transaction is subject to regulatory approval. To facilitate this and other deals in the pipeline, Princess made an initial EUR 12.7 million contribution to the direct investment program vehicle in May. Ultimately, it is anticipated that the commitment to the direct investment program will increase Princess' direct investment allocation over time and ensure a broad portfolio diversification.

Post month-end, it was also announced that a UK healthcare operator and Princess' third largest portfolio company holding - with a valuation of circa 1.5% of Princess' NAV as at 31 March 2012 - will be divested via a secondary buyout transaction. Princess' initial investment was made in 2007 and a return multiple of around 3x is anticipated.

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.