News Release

Guernsey, 2 February 2023

NAV increases by 3.4% in December

·      Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 3.4% to EUR 14.62 per share, total NAV at EUR 1'011.3 million

·      Currency movements were negative (-0.4%) and portfolio revaluations were positive (+4.4%)

·      Princess received distributions of EUR 4.5 million

Princess' direct investments in PCI Pharma Services and KinderCare were among the largest contributors to NAV growth during December. PCI Pharma Services ("PCI"), a global provider of outsourced pharmaceutical services based in the US, was positively revalued on the back of strong financial performance. This was mainly driven by continued organic growth across all of PCI's business segments which comprise commercial packaging, clinical services, and manufacturing development. The valuation of KinderCare, the largest for-profit provider of early childhood education and care services in the US, was also written up as a result of its positive financial performance over the last twelve-month period, with same center occupancy trending above expectations and previous year occupancy levels. Over the course of 2022, KinderCare modernized its digital platform and addressed consumer pain points.

Princess received distributions of EUR 4.5 million during the month, including EUR 0.7 million in proceeds from a partial sale of its shares in NYSE-listed MultiPlan, a US-based provider of cost management solutions for healthcare payors.

The remaining balance of EUR 3.8 million was predominantly received from the 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 135 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

Sarah Page

Phone: +44 20 7575 2695

Email: sarah.page@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.