Princess Private Equity Holding Ltd Princess publishes Half-Year Report 2017 (2002Y)

TIDMPEY TIDMPEYS

RNS Number : 2002Y

Princess Private Equity Holding Ltd

17 August 2018

News Release

Guernsey, 17 August 2018

Princess publishes Half-Year report 2018

Princess Private Equity Holding Limited ("Princess" or the "Company") today published its Half-Year Report for 2018. The key items were:

-- In the first half of 2018, Princess reported an NAV total return of 5.7%, closing the period at EUR 11.06 per share.

-- Princess declared a first interim dividend of EUR 0.28 per share. The Company maintains its objective to distribute 5-8% of NAV per annum.

-- Valuation developments (+7.5% YTD) were the key driver of NAV growth. The largest contributors to Princess' NAV growth during the second quarter were the direct investments in Ceridian Corporation, Permotio and Varsity Brands.

-- Princess received proceeds from exited investments totaling EUR 83.1 million. EUR 60.6 million stemmed from direct investments, the largest contributors being the full exits of VAT Group and Trimco at multiples 6.0x and 3.4x cost respectively. The balance of EUR 22.5 million was received from Princess' legacy fund portfolio.

-- Princess invested a total amount of EUR 66.5 million. EUR 52.6 million was invested in five direct equity investments (Hearthside Food Solutions, SRS Distribution, Amann Girrbach, SHL and a partial re-investment in Trimco).

Brian Human, Chairman, comments: "In the first six months of 2018 Princess continued to develop positively. The Company's global portfolio of leading private companies continued to trade well, with a number of investments contributing to NAV performance. It was an active period for both new investments and realizations, notably the exits of VAT Group and Trimco, which both generated significant value for shareholders during Princess' period of ownership."

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first half of 2018 are presented in a quarterly report published today. The report can be accessed via:

http://www.princess-privateequity.net/en/investor_relations/reports.php

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.hemscott.com/nsm.do

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 67.1 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 symbols: PEY for the Euro quote; PEYS for the Sterling quote).

Contacts

Princess Private Equity Holding Limited:

[e-mail]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: [phone]

E-mail: [e-mail]

Media relations contact

Jenny Blinch

Phone: [phone]

E-mail: [e-mail]

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 17, 2018 10:00 ET (14:00 GMT)