Private Equity Holding AG: Net Asset Value as of January 31, 2025

NEWS RELEASE

Zürich, February 12, 2025

Net Asset Value as of January 31, 2025

As of January 31, 2025, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 165.98 (CHF 156.90), which is almost unchanged in EUR and +0.8% in CHF.

PEH's portfolio performance in January was almost flat. Positive valuation adjustments for several portfolio funds fully compensated the adverse FX movements through the reporting month.

The portfolio was cash-flow positive with total distributions amounting to EUR 2.4m vs. EUR 1.0m paid into the portfolio. The biggest distribution was received from Mid Europa Fund IV from the sale of Profi, a leading proximity supermarket chain in Romania. In addition, Eagletree VI distributed proceeds from Summit Hill Foods, a flavor and ingredients company.

In January, PEH purchased 7,540 treasury shares resulting in a positive concentration effect of CHF 0.26 per share. Moreover, since the beginning of the year, the Company has reported a significant number of share purchases by members of its management (in total 13,385 shares). This underlines the position of PEH’s board of directors that the large discount between the share price and the NAV/share is not justified and represents an attractive investment opportunity.

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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.

Income from the portfolio is partially reinvested, as well as passed on to the shareholders as annual distributions. Private Equity Holding’s portfolio is managed by Amundi Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.

For further information, please contact: 
Kerstin von Stechow, Investor Relations, Kerstin.Stechow@peh.ch, phone +41-44-515 70 80, http://www.peh.ch

The basis of the Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 2,459,203 as of January 31, 2025 (December 31, 2024: 2,466,743). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and pursuant to the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the fund investments are based on the most recent reported net asset values (NAVs) of the funds. In estimating the fair value of unquoted 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 NAV of Private Equity Holding AG is calculated at the end of each month under a going concern assumption. The different reporting cut-off dates of the individual companies and funds in which participations are held can lead to short-term distortions and cause discrepancies between the published NAV and the actual total value of Private Equity Holding AG's net assets.