News Release

Guernsey, 29 April 2022

NAV increases by 1.7% in March

·      Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 1.7% to EUR 15.26 per share

·      Portfolio developments were positive (+2.4%) while currency movements were flat

·      Princess received distributions of EUR 5.3 million and invested EUR 0.9 million

In March, Princess' NAV recovered, increasing by 1.7%, which balanced the quarter performance. The strong quarter-end development was driven by a number of portfolio companies. Among the largest contributors was AlliedUniversal, a US-based provider of facility and security services. The valuation increased over the first quarter of 2022, mainly reflecting the successful integration of its recent acquisition. In 2021, the company acquired UK-based G4S, a global security company. The transaction allowed AlliedUniversal to expand its presence internationally.

During the month Princess received distributions of EUR 5.3 million, of which EUR 4.7 million stemmed from a confidential private debt investment. The remaining balance of EUR 0.6 million was received from the Company's legacy fund portfolio.

Princess will hold a quarterly investor update on 24 May 2022 at 10:00 BST / 11:00 CET. During the webcast, Partners Group, the Investment Manager to Princess, will give an update on the recent developments of the Princess portfolio based on unaudited figures as of 31 March 2022. Please find the dial-in details on the Company's webpage.

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 127 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:

[email protected]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

Email: [email protected]

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: [email protected]

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.