Princess Priv E Regulatory News (PEY)

News Release

Guernsey, 21 March 2016

Princess publishes February NAV

· Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") up by 0.1% to EUR 9.42 per share

· New direct debt investments in Coopération Pharmaceutique Française and ADB Airfield Solutions

· Princess received distributions of EUR 2.8 million and invested EUR 6.6 million

In February, Princess invested in two new direct debt investments, the largest of which was the provision of debt financing to Coopération Pharmaceutique Française SAS (EUR 3.6 million) in support of Charterhouse Capital Partners' acquisition of the company. Based in France, the company manufactures and distributes a wide range of over-the-counter pharmaceutical products for therapeutic purposes such as coughs and colds, as well as accessories including thermometers. Partners Group's investment in Coopération Pharmaceutique Française is based on the company's diversified portfolio of brands as well as supportive demographic trends, such as France's aging population.

Princess also invested in the junior debt financing of ADB Airfield Solutions (EUR 1.0 million), in conjunction with the company's acquisition of Swedish competitor Safegate with the aim of creating the leading global player in its sector. Headquartered in Belgium, ADB Airfield Solutions is a provider of airfield ground lighting used to signal, control and monitor the takeoff and landing of planes. The company's geographical diversification across 175 countries and large installed base of more than 2'000 airports support the credit quality of the investment.

Furthermore, Partners Group announced its upcoming acquisition of Guardian Early Learning Group, from exiting private equity firm Navis Capital Partners, at an enterprise value of approximately AUD 440 million. Princess will invest a total of approximately EUR 7.4 million in the transaction which is expected to close in March. Guardian is an early childhood education group and is one of the largest Australian providers of company-sponsored childcare and childcare services to local community centers. Founded in 2004, Guardian currently has over 70 early learning centers that provide over 10'000 families and their children with high-quality early learning and care on a daily basis. Guardian is an attractive investment opportunity given the strong underlying demand for childcare in Australia. Early childhood has been proven to be a crucial stage in a child's learning and development, and innovators like Guardian provide an essential service to society. Post-acquisition, Partners Group will draw on its experience in the childcare and education sectors to support the expansion of Guardian's network of centers.

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, a global private markets investment management firm with over EUR 46 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

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 are 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.