Last checked at 
30 Apr 2010 15:43
News Release
Guernsey, 30 April 2010
Princess NAV up by 5.65% in the first quarter of 2010
Princess Private Equity Holding Limited ("Princess") published its first quarter 2010 report today. Notable events include:
n The net asset value ("NAV") of Princess continued to rebound in the first quarter of 2010, increasing by 5.65% to EUR 7.75 per share
n The main contributors to the positive development of the NAV were portfolio revaluations, which were increasingly driven by the improving operating results of Princess' underlying portfolio companies
n Overall, the portfolio generated EUR 1.4 million more in distributions than drawdowns in the first quarter, resulting in the second consecutive positive quarterly cash flow
n Princess had an investment level of 102% at the end of March 2010 and as such provided its investors with undiluted exposure to private equity investments
n The share price of Princess continued to enjoy positive momentum in the first quarter of 2010, rising 29.8% and closing the quarter at EUR 4.40 per share at the Frankfurt Stock Exchange
Brian Human, Chairman of Princess' Board of Directors, commented: "With the improved operating results of the companies in the Princess portfolio, the NAV continued to rebound strongly in the first quarter of 2010. The past quarter has also shown that Princess could again benefit from the re-opening of the exit window as a number of portfolio companies were successfully sold. In addition, Princess is well positioned to capitalize on attractive investment opportunities with EUR 282 million in unfunded commitments. Based on the broadly diversified and high quality portfolio as well as the positive trend in the NAV development, I continue to have great confidence that Princess should develop positively in the future."
A detailed analysis and commentary on the first quarter's developments at Princess are presented in the quarterly report published today, which can be accessed via
http://www.princess-privateequity.net/en/investor_relations/reports.php?ml
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global private markets investment management firm with over CHF 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. 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
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
tamara.krebs@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.
Approved by Partners Group (UK) Ltd., authorized and regulated by the Financial Services Authority in the United Kingdom.