Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 22 September2011

Princess publishes August NAV

The net asset value (NAV) of Princess Private Equity Holding Limited (Princess) fell 0.4% in August, to close the month at EUR 8.92 per share. However, the strong NAV growth experienced by Princess over recent quarters means that year to date, NAV growth still stands at a respectable 5.2%. Though value creation initiatives by Princess' portfolio companies continued to support positive revaluations in August, this contribution was offset by downwards adjustments in the value of listed portfolio companies, resulting from the sharp correction of global stock markets over the month. Currency effects had a slight negative impact on Princess' NAV (-0.1%), as the US dollar continued to underperform the euro.

The Princess portfolio remained cash flow positive over the month as distributions continued to outpace investments. Thanks to its mature portfolio, Princess has experienced a high level of realization activity over recent quarters. Total distributions over the month were EUR 12.9 million, whereas investments totalled EUR 5.5 million. In August for instance, Princess received a EUR 7.0 million distribution from the previously announced Jack Wolfskin exit, and another EUR 1.6 million from Providence Equity Partners' sale of its remaining shareholding in German cable operator Kabel Deutschland.

During the month of August, Princess repaid its old credit facility, refinancing it with a new three-year EUR 80 million credit facility on more attractive terms. Overall, Princess' balance sheet remains in a healthy position, with net liquidity of EUR 37.4 million or 6.0% of NAV and no money drawn from the new credit facility. During September this strong liquidity position enabled Princess to make a direct mezzanine investment into Securitas Direct, the Swedish headquartered provider of monitored alarm solutions for residential and small business customers.

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 20 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

Media enquiries:

Partners Group AG

Dr. Anna Hollmann

Communications

Tel.: +41 41 768 83 72

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.