Spice Private Equity AG

Net Asset Value • Feb 24, 2016

National Storage Mechanism | Additional information

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RNS Number : 0363Q

Princess Private Equity Holding Ltd

24 February 2016

News Release

Guernsey, 24 February 2016

Princess publishes January NAV

·      Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") down by 1.1% to EUR 9.40 per share

·      Overall portfolio developments (-0.9%) and currency movements (-0.1%) were negative

·      Princess received distributions of EUR 2.8 million and invested EUR 0.2 million

During January, Princess received a total of EUR 1.4 million in distributions from its legacy fund portfolio. The largest distribution from the direct portfolio stemmed from Food Company 1 (EUR 0.9 million), a leading US-based distributor of food, serving restaurants, hospitals and governmental institutions.

Furthermore, Partners Group agreed to acquire a significant minority stake in Hortifruti from Bozano Investimentos, on behalf of its clients. Princess will invest a total of approximately EUR 2.4 million. The transaction is expected to close in the coming months, subject to antitrust approval. Founded in 1989, the Brazilian whole foods retailer has 40 stores across Rio de Janeiro, São Paulo and Espírito Santo, offering fresh products including fruit and vegetables, dairy products, groceries and meat. Recognized for high-quality products, Hortifruti employs over 6'600 people with about 2 million monthly customers and is well-placed to capture the growing consumption trend towards healthier food products. Post-acquisition, Partners Group intends to work with Hortifruti on various value creation initiatives, including opening new stores and expanding its private labels and distribution network.

Further information is available in the monthly report which can be accessed via:

http://www.princess-privateequity.net/financialreports.

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 46 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@princess-privateequity.net

www.princess-privateequity.net

Registered Number: 35241

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

Partners Group

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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