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Private Equity Holding AG: Net Asset Value as of June 2022

Private Equity Holding AG / Key word(s): Net asset value

Private Equity Holding AG: Net Asset Value as of June 2022

11.07.2022 / 18:00
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, July 11, 2022

Revalued net assets as of June 30, 2022

As of June 30, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to EUR 154.57 (CHF 154.40), an increase of 0.1% in EUR since on May 31, 2022 (adjusted for dividend of CHF 2.00, which was paid on June 10, 2022).

The performance of the PEH portfolio was positive in June. The increase in net asset value resulted from positive valuation adjustments for several portfolio funds, including Eagletree III and Avista II, and the strengthening of the US dollar against the euro. In this context, negative adjustments were recorded on many listed positions in the portfolio.

The portfolio showed negative cash flows despite total distributions amounting to €3.6 million. PEH received notable distributions from Alpha CEE Opportunity IV following the sale of Russian Towers, an independent owner of antenna mast structures in Russia, which was both a direct secondary to the fund as well as an underlying significant in one of the funds in the portfolio. The sale was agreed and completed before Russia invaded Ukraine. In addition, Avista IV distributed proceeds from the sale of Inform Diagnostics, a leading independent pathology laboratory, and Eagletree IV distributed proceeds from its investment in FuseFX Corp., one of the world’s largest independent studios. visual special effects.

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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 way in a diversified and professionally managed private equity portfolio with selective funds and direct investments.

Portfolio income is partially reinvested and passed on to shareholders in the form of annual distributions. Private Equity Holding’s portfolio is managed by Alpha Associates, an independent private equity, private debt and infrastructure investment manager based in Zurich.

For more information, please contact:
Kerstin von Stechow, Investor Relations, Kerstin.Stechow@peh.ch, phone +41 41 726 79 80, http://www.peh.ch

The Basis for Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for the calculation of the net asset value per share amounted to 2,504,094 as of June 30, 2022 (May 31, 2022: 2,504,404). Calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the funds’ investments are based on the most recent net asset values ​​(NAV) of the funds. When estimating the fair value of unlisted direct investments, Private Equity Holding AG considers the most appropriate market valuation techniques. The fair value of listed direct investments is the market value. The net asset value of Private Equity Holding AG is calculated at the end of each month assuming going concern and generally published within six trading days of the cut-off date. The different reporting deadlines of the different companies and funds in which holdings are held may lead to short-term distortions and lead to discrepancies between the published net asset value and the actual total net asset value of Private Equity Holding AG.

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