Directorate Change

News Release

Guernsey, 23 August 2017

Directorate Change

Princess Private Equity Holding Limited ("Princess" or the "Company") announces the appointment of Felix Haldner as a director of the Company with immediate effect.

Mr. Haldner is a member of Partners Group's Global Executive Board and is responsible for strategic client development and public affairs globally. He has been with Partners Group since 2001 and has 29 years of industry experience.

Mr. Haldner replaces Urs Wietlisbach who steps down as a director of the Company, a position in which he has served since 1999. Mr Wietlisbach, who co-founded Partners Group in 1996, will remain a member of Partners Group Holding AG's Board of Directors, Chairman of the Markets Committee and continue to serve as a Board member of PG Impact Investments AG and of PG Impact Investments Foundation, a foundation that focuses on impact investing globally.

Brian Human, Chairman, comments, "The Board would like to take this opportunity to welcome Felix to the Board and to extend our thanks to Urs. His experience and insights into the private equity market have been of great value to the Board and we greatly appreciate his exceptional contribution to Princess over the past 18 years."

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 57 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@partnersgroup.com

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

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.