News Release

Guernsey, 29 June 2022

Princess publishes May NAV

·      Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value decreased by 1.3% to EUR 14.60 per share

·      Portfolio developments (-1.0%) and currency movements (-0.2%) were negative

·      Princess invested EUR 6.4 million and received distributions of EUR 49.7 million

In May, Princess invested a total of EUR 6.4 million, of which EUR 6.0 million was invested in a joint take-private with Permira to acquire Mimecast, a leading UK-based email security and cyber resilience company. Mimecast provides SaaS-based enterprise email management including archiving, discovery, continuity, security, and policy from a cloud-based solution. The value creation strategy will focus on leveraging the company's industry leading email security technology to further innovate and expand its current presence in the small and midsize market against the backdrop of the increasing magnitude and sophistication of malware threats. 

Princess received distributions of EUR 49.7 million during the month, of which EUR 48.9 million stemmed from an additional redemption from its investment in senior loans for liquidity management purposes. The remaining balance of EUR 0.8 million was predominantly received from Princess' 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 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:

princess@partnersgroup.com

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

Email: princess@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.