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RNS Number : 1624A

Princess Private Equity Holding Ltd

28 May 2021

News Release

Guernsey, 28 May 2021

NAV increases by 1.5% in April

-- Princess Private Equity Holding Limited's (Princess or the Company) net asset value increased by 1.5% to EUR 14.70 per share

   --    Portfolio developments (+1.7%) were positive while currency movements were flat 

-- Princess invested EUR 11.9 million during the month and received distributions of EUR 15.8 million

Princess invested a total of EUR 11.9 million during April, of which EUR 9.5 million was invested in Wedgewood Pharmacy, a leading US animal-health compounding pharmacy business. Compounded medications are created and prepared by specialist pharmacists and pharmacy technicians when there is no commercially available alternative. Wedgewood holds over 66'000 relationships with veterinarians and directly serves more than 360'000 pet owners annually. Following the investment, Partners Group will work closely with Wedgewood's management team to implement new strategic initiatives that support ongoing organic growth. Key areas of focus will be investing in the Company's sales and marketing functions; enhancing technology to drive digital engagement with veterinarians and pet owners through multiple channels; and continuing its veterinary footprint expansion through corporate group partnerships and new customer acquisitions, as well as opportunistic M&A.

EUR 2.3 million was deployed in a follow-on investment in eResearch Technology (ERT), a provider of integrated online software application services that enables the pharmaceutical, biotechnology and medical device industries to collect, interpret and distribute cardiac safety and clinical data more efficiently during clinical trials. The capital was used to fund the company's merger with US-based BioClinica, a provider of clinical trial imaging technology solutions to top pharmaceutical, biotechnology and medical device organizations.

During the month Princess received distributions of EUR 15.8 million, of which EUR 13.2 million stemmed from a confidential private debt investment. The remaining balance of EUR 2.6 million was received predominantly 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 109 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

George Crowe

Phone: +44 20 7575 2771

Email: george.crowe@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.

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May 28, 2021 02:00 ET (06:00 GMT)

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