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

NEWS RELEASE

Zurich, November 12, 2025

Net Asset Value as of October 31, 2025

As of October 31, 2025, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 153.69 (CHF 142.39), representing a change of 0.5% in EUR (-0.4% in CHF) since September 30, 2025.

PEH's portfolio performance was positive in October, driven mainly by favourable FX movements, with some portfolio funds also recording positive valuation adjustments.

The portfolio was cash-flow positive during the reporting period, with total distributions amounting to EUR 3.9m vs. EUR 3.5m paid into the portfolio. The biggest distribution was received from Eagletree IV, which distributed proceeds from the sale of Northstar Travel Group, a travel-focused B2B media company based in the US. Furthermore, Mid Europa V distributed proceeds from the sale of Optegra, a leading European ophthalmology platform operating in Poland, Czech Republic, Slovakia and the UK.

During the reporting period, PEH committed USD 5.0m to a venture fund specialising in early-stage and growth equity investments in the US.

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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 2,444,104 as of October 31, 2025 (September 30, 2025: 2,446,064). 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.