Private Equity Holding AG: Net Asset Value Net Asset Value as of June 30, 2025

NEWS RELEASE

Zurich, July 10, 2025

Net Asset Value as of June 30, 2025

As of June 30, 2025, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 153.82 (CHF 143.69), representing a change of -1.9% in EUR (-1.8% in CHF) since May 31, 2025.

PEH's underlying portfolio performed well in June, but positive valuation adjustments were once again outweighed by adverse FX movements during the month. The continued weakening of the USD against the EUR resulted in a considerable negative impact from currency adjustments, extending a trend observed since February 2025.

Notable positive valuation adjustments in the portfolio were recorded for, inter alia, Alpha CEE Opportunity IV and the direct co-investment in a data, analytics and platform provider.

The portfolio was cash-flow negative in June, with total distributions amounting to EUR 0.9m vs. EUR 2.5m paid into the portfolio. A sizeable distribution of EUR 0.6m came from Growth Fund IV related to its investment in an American data annotation company, which provides data labeling and model evaluation services to develop applications for artificial intelligence.

During the reporting month, the Annual General Meeting decided on a dividend payment of CHF 1 per share, which was paid on July 1, 2025.

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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 2,445,862 as of June 30, 2025 (May 31, 2025: 2,446,242). 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.