Private Equity Holding AG

Net Asset Value as of November 30, 2023

Private Equity Holding AG / Key word(s): Net Asset Value Private Equity Holding AG: Net Asset Value as of November 30, 2023 11.12.2023 / 18:12 CET/CEST Net Asset Value The issuer is solely responsible for the content of this announcement. NEWS RELEASE

Zug, December 11, 2023

Net Asset Value as of November 30, 2023

As of November 30, 2023, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 153.30 (CHF 145.87), representing a change of -0.6% in EUR (-1.6% in CHF) since October 31, 2023.

PEH’s portfolio performance excluding FX movements was overall positive in November supported by positive valuation adjustments for several portfolio funds including Alpha CEE Opportunity IV, Gyrus Co- Investment Fund and Investindustrial VII as well as the direct co-investments in artificial intelligence software provider Earnix and global closures producer Guala Closures. However, that could not fully compensate the significantly adverse FX movements, most notably caused by the abrupt weakening of the USD against the EUR in the second half of the month.

The portfolio was cash-flow positive in November with total distributions amounting to EUR 4.5m vs. EUR 1.9m paid into the portfolio. PEH received noteworthy distributions from Guala Closures as well as from dss+, a global operations management consulting firm. Furthermore, Highland Europe III distributed proceeds from its investment in Wolt, a food delivery company.

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Private Equity Holding AG (SIX: PEHN) is a listed investment company for private equity investments. It offers institutional and private investors the opportunity to participate in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective fund and direct investments.