Princess Priv E Regulatory News (PEY)

News Release

Guernsey, 16 August 2019

Princess publishes Half-Year report 2019

Princess Private Equity Holding Limited ("Princess" or the "Company") today published its Half-Year Report for 2019. The key items were:

·; In the first half of 2019, Princess reported a NAV total return of 9.6%, closing the period at EUR 11.64 per share.

·; Princess paid out an increased first interim dividend of EUR 0.29 per share (2018 first interim dividend: 0.28 per share). The Company maintains its objective to distribute 5-8% of opening NAV per annum.

·; Valuation developments (+11.6% YTD) were the key driver of NAV growth. The largest contributors to Princess' NAV growth over the second quarter were the direct investments in Permotio International Learning, Action, GlobalLogic, Foncia, and Vishal Mega Mart.

·; Princess received proceeds from exited investments totaling EUR 49.3 million. EUR 26.7 million stemmed from direct investments, the largest contributor being the full exit of Agiliti and the sale of shares of listed Ceridian HCM. The balance of EUR 22.6 million was received from Princess' legacy fund portfolio.

·; Princess invested a total amount of EUR 32.7 million of which EUR 22.2 million was invested during the second quarter in three new direct equity investments (Project Fox, Idera Inc., Confluent Health).

Richard Battey, Chairman, comments: "In the first six months of 2019 Princess has continued to develop positively. The Company's global portfolio of leading private companies continued to trade well, with a number of investments contributing to NAV performance driven by strong EBITDA growth at portfolio company level. The Board was pleased to declare an increased first interim dividend and to re-affirm the Company's objective to distribute 5-8% of opening NAV via semi-annual dividends. The Board believes that this combination of capital growth and an attractive dividend yield should continue to enhance the appeal of the shares to investors."

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first half of 2019 are presented in a quarterly report published today.

The report can be accessed via:http://www.princess-privateequity.net/en/investor_relations/reports.php

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM

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 80 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 symbols: PEY for the Euro quote; PEYS for the Sterling quote).

Contacts

Princess Private Equity Holding Limited:

princess@princess-privateequity.net

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

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 Private Equity Holdings. 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.