Publication of July NAV

News Release

Guernsey, 25 August 2017

Princess publishes July NAV

· Princess Private Equity Holding Limited's ("Princess") net asset value decreased by 0.4% to EUR 10.73 per share

· Overall portfolio developments (+0.2%) were offset by currency movements (-0.6%)

· Princess received distributions of EUR 18.2 million and invested EUR 1.2 million over the reporting period

Princess received a total of EUR 18.2 million during the month, including proceeds of EUR 10.6 million from the sale of Kerneos, a global leader in the production of calcium aluminate cements ("CAC"). Kerneos was sold to mineral-based specialty solutions provider Imerys. The remaining distributions of EUR 7.6 million came predominantly from Princess' mature legacy fund portfolio.

Princess invested a total of EUR 1.2 million during the month, which included a follow-on investment in Permotio to fund the acquisition of new schools. Permotio was formed in 2013 to create a leading international private schools group through a "buy & build" strategy, in conjunction with a proven management team. To-date, Permotio has acquired a total of 17 schools in six countries, providing education to over 15'500 students.

Further information is available in the monthly report which can be accessed via: http://www.princess-privateequity.net/financialreports.

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

Email: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +41 41 784 65 26

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.