Partners Grp E Regulatory News (PEY)

News Release

Guernsey, 23 March 2010

Two successful exits for Princess realizing a money multiple of over 3x each

After first signs of a re-opening of the private equity exit window in the past six months, Princess experienced another good month for realizations in March with two portfolio companies representing almost one percent of NAV closing sale agreements at high money multiples. Tommy Hilfiger, one of the world's best known designer apparel groups and one of the 20 largest portfolio companies in the Princess portfolio in terms of NAV, is expected to be sold to Phillips-Van Heusen Corporation for EUR 2.2 billion. During its ownership of the firm, Princess partnership Apax US VII actively supported Tommy Hilfiger in regaining its status as a high-end clothing brand by improving product quality and introducing a global marketing campaign. The exit is expected to generate a return of between 4.5x and 5x the original investment. Furthermore, Princess partnership Newbridge Asia III sold Parkway Holdings, a Singapore-based provider of healthcare services, to the Indian healthcare provider Fortis, realizing a return of three times its original investment.

Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "The highly successful exits of Tommy Hilfiger and Parkway Holdings underline the high quality of the portfolio companies in the Princess portfolio. In addition to the very attractive returns, these two exits alone are expected to generate distributions of almost one percent of the Princess NAV. With its high number of mature portfolio companies, Princess should be well positioned to capitalize on a further normalization of the exit environment."

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global private markets asset management firm with over CHF 25 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

Tamara Krebs

Communications

Tel.: +41 41 768 85 26

tamara.krebs@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.

Approved by Partners Group (UK) Ltd., authorized and regulated by the Financial Services Authority in the United Kingdom.