Princess Priv Regulatory News (PEYS)

News Release

Guernsey, 24 February 2021

NAV increases by 0.1% in January

· Princess Private Equity Holding Limited's (Princess or the Company) net asset value increased by 0.1% to EUR 13.37 per share

· Portfolio developments were positive (+0.4%), while currency movements were flat

· Princess invested EUR 10.9 million during the month and received distributions of EUR 1.8 million

Princess invested a total of EUR 10.9 million during January, of which EUR 10.4 million was invested in Careismatic Brands (Careismatic), the world's leading designer, marketer and distributor of branded medical apparel. Careismatic is considered an attractive investment given its scale and leading market share in the USD 3.3 billion US retail medical scrubs market. The company operates in both B2B and B2C channels, selling its products through over 10,000 retail locations, online retailers and catalogues. The investment in Careismatic is underpinned by strong market tailwinds including the accelerated rise of ecommerce and increased hygiene protocols which require the regular replacement of medical scrubs. Partners Group was formerly a shareholder of a predecessor entity of Careismatic, Strategic Partners, Inc., and therefore has a deep understanding of Careismatic's business. The company has continued to develop positively, having completed four acquisitions from 2016 to 2020 to ramp up sales channels and enter additional product adjacencies, and is well-positioned for its next phase of growth. Following the acquisition, Partners Group will work with Careismatic to accelerate the company's organic growth across all sectors, drive domestic and international expansion through M&A, develop partnership strategies, and further build capabilities in higher margin and higher growth direct-to-consumer e-commerce channels.

Princess received distributions of EUR 1.8 million in January, with the majority stemming from Princess' mature legacy fund portfolio.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

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 managed in its investment activities by Partners Group, a global private markets investment management firm with USD 109 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 Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Princess Private Equity Holding Limited:

princess@partnersgroup.com

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 20 7575 2771

Email: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: 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.