Company Announcements

News Release

Guernsey, 1 March 2023

NAV increases by 0.7% in January

·     Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 0.7% to EUR 14.72 per share, total NAV at EUR 1'017.97 million

·      Portfolio revaluations were positive (+1.1%) and currency movements were negative (-0.2%)

·      Princess received distributions of EUR 1.3 million

In January, Princess' net asset value increased by 0.7% and continued its positive trend. One of the largest drivers was Ammega, the global leader in mission critical belting solutions, which saw its valuation increase over the period following robust financial performance. The company continues to benefit from its ongoing cost saving initiatives and key value creation workstreams. 

Global Blue, the leading provider of refund and foreign exchange services for international travelers, also contributed positively to this month's performance. The valuation of the NYSE-listed company increased reflecting the ongoing recovery of travel volumes globally. Global Blue reported improvements across all geographical segments, especially in Europe and the US.

Princess received distributions of EUR 1.3 million during the month, predominantly from the mature legacy fund portfolio and debt investments.

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.