Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 22 September 2015

Princess publishes August NAV

è Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") slightly down by -0.4% to EUR 9.07 per share

è Princess received distributions of EUR 4.0 million and invested EUR 25.3 million

è New direct investment in KinderCare Learning Centers (KUE LLC)

During August, Princess invested EUR 22.2 million in the acquisition of KUE LLC, the largest for-profit provider of early childhood education in the US and the parent company of KinderCare Learning Centers, as well as the brands Children's Creative Learning Centers and Champions. The investment was funded with proceeds from previously announced exits. KUE LLC's largest subsidiary, KinderCare Learning Centers, has been educating and caring for children for over 45 years and has a strong reputation for delivering high-quality educational programs through approximately 1'400 centers in 38 states. KinderCare is on track to achieve 100% national accreditation of its centers in 2016. In May 2015, the company saw its 1'000th center achieve this prestigious accreditation milestone, which signifies a program is of the highest quality recognized nationally in the early-childhood education field.

KinderCare Learning Centers is expected to benefit from strong macroeconomic tailwinds positively impacting the value drivers of the business, such as increasing demand for high-quality center-based care, and higher workforce participation by women and dual income families. Partners Group intends to work closely with KUE LLC's management team on several initiatives to expand its programs and enhance the experience for families enrolled at its centers, drawing on a long track record of investment in the education sector globally, with the objective of increasing the global occupancy of the centers. This acquisition is a strong fit from a relative value perspective as it highlights the capacity to invest in a mid-market business leader in a growing sector with numerous add-on opportunities.

Princess also provided debt financing of EUR 1.7 million to a US-headquartered provider of high-speed broadband communication infrastructure. The company serves enterprise and carrier customers in need of data connectivity and/or internet access. The financing supports the company's acquisition of a competitor.

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 42 billion (over USD 47 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.