Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 20 August 2010

Princess publishes July NAV

After a strong performance of +15.74% during the first half of the year, Princess' net asset value (NAV) decreased during the month of July by 2.16% to EUR 8.31 per share. Princess' portfolio companies continued the upward trend of the past quarters and had a positive impact of 1.60% on the NAV. Investments in the buyout and special situations segments in particular contributed to this favorable development. However, foreign exchange movements had an adverse effect on the NAV due to the strong recovery of the euro against the US dollar in July. This effect was mitigated by hedging gains as Princess purchased a new USD put option at the end of June with a strike of 1.23.

Over the past three quarters distributions from exited portfolio companies exceeded capital calls for new investment opportunities. The month of July, however, saw a relatively low level of distributions amounting to EUR 3.4 million and a slightly higher level of drawdowns amounting to EUR 10.6 million in comparison to previous months. Unfunded commitments declined to EUR 260.2 million as of 31 July 2010, translating into an overcommitment ratio including credit line of just 38.0%.

Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "Following the past three quarters when the Princess portfolio generated a positive net cash flow due to an increased exit activity, this trend reversed in the past month when many new investments were funded at attractive entry valuations. We believe that the negative net cash flow in July is a temporary effect only and continue to expect distributions from Princess' mature portfolio to exceed capital calls over the coming quarters. Due to the secured credit facility of EUR 54.5 million at the end of July, which can be increased to EUR 90.0 million, coupled with the continuing positive valuation trend, we believe Princess is well positioned in the current market environment."

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.