Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 22 May 2015

Interim dividend of EUR 0.27 declared

è Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") down by -1.5% to EUR 8.99 per share

è Overall portfolio developments (-0.2%) and currency movements (-1.2%) were negative for the month

è Princess received distributions of EUR 4.7 million and capital calls of EUR 0.3 million

Distributions for the month came predominately from Princess' legacy third party fund portfolio (EUR 3.3 million).

The largest contributor to distributions in terms of direct investments was Princess' mezzanine portfolio (EUR 0.9 million), which distributed returns from recent realizations including a pharmaceutical firm, which refinanced its debt with an all-senior debt structure and repaid the mezzanine loan that was previously outstanding. The return on the mezzanine investment was enhanced due to the payment of the agreed prepayment penalty.

After month-end, Princess declared an interim dividend of EUR 0.27 per share for 2015. Including the final dividend from 2014 (EUR 0.27 per share), this translated into a dividend yield of 6.0% on the NAV per share as of 30 April 2015, consistent with the Company's commitment to pay semi-annual payments of 5-8% p.a. on opening NAV. The dividend will be paid on 19 June 2015, with the relevant date for the entitlement to the dividend and the corresponding ex-dividend date falling on 29 May 2015 and 28 May 2015 respectively.

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 37 billion (over USD 40 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 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

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

Partners Group AG

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: Jenny.Blinch@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. 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.