News release

Guernsey, 6 September 2017

Further re: Additional Sterling Quotation

Princess Private Equity Holding Limited (the "Company" or "Princess") announced on 31 August 2017 that it intended tointroduce an additional market quote in Sterling (the "Sterling Quote→") for its existing ordinary shares on the London Stock Exchange alongside the Company's existing Euro market quote (the "Euro Quote").

The Company today announces that it has made an application to the London Stock Exchange for admission to trading in Sterling on the Premium Segment of its Main Market of 69,151,168 ordinary shares.Admission of the ←Sterling Quote→ is expected to occur with effect from 8am on 8 September 2017.

As set out below:

·   the existing ISIN will apply for both the Euro Quote and the ←Sterling Quote→;

·   the existing SEDOL and TIDM will continue to apply for the Euro Quote;

·   a new SEDOL and TIDM will be introduced for the ←Sterling Quote→:

All dividends will continue to be declared in Euros and the default currency for dividend payments will remain Euros. However, the Board intends that once the ←Sterling Quote is effective, dividends will be capable of being received in Sterling by shareholders making a dividend currency election. A further announcement regarding such elections will be made in due course.

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 advised in its investment activities by Partners Group, a global private markets investment management firm with over EUR 57 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 London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net.

Contacts

Princess Private Equity Holding Limited:

princess@partnersgroup.com

www.princess-privateequity.net

Registered Number: 35241

Investor relations contact

George Crowe

Phone: +44 20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: jenny.blinch@partnersgroup.com

www.partnersgroup.com

Joint corporate brokers

Numis Securities

Nathan Brown / Hugh Jonathan

Phone: +44 20 7260 1000

J. P. Morgan Cazenove

William Simmonds

Phone: +44 20 7742 4000

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.