Company Announcements

 Princess Private Equity Holding

 Limited

 Tudor House

 P.O. Box 477

 St. Peter Port Guernsey, GY1 1BT

 Channel Islands

 Phone: +44 (0) 1481 711 690

 Fax: +44 (0) 1481 730 947

 www.princess-privateequity.net

News Release

Guernsey, 02 November 2022

Guidance on second interim dividend for FY 2022

The Board of Directors of Princess Private Equity Holding Limited ("Princess" or "the Company") today announces the suspension of the second interim dividend for the 2022 financial year.

This suspension has been deemed necessary in light principally of the significant reduction in the Company's liquidity due to the strengthening of the US Dollar against the Euro, which led to outflows of more than EUR 60 million year-to-date to settle currency hedging contracts. In addition, challenging debt markets are currently limiting the facilitation of asset sales across the industry.

It is important to note that the Company has sufficient liquidity to meet its commitments with a cash position including liquid senior loans of EUR 59.8 million at 31 October 2022.

The Board will continue to monitor the Company's liquidity and ability to pay dividends in the future in line with the previous guidance and will keep shareholders informed in a timely manner.

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 131 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: +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.