Financial Statements for the first nine months of 2009/2010

Friday, 05. February 2010 07:01
Private Equity Holding AG / Financial Statements for the first nine months of 2009/2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Zug, February 5, 2010

Financial Statements for the first nine months of 2009/2010

Private Equity Holding AG (PEH) reports a total comprehensive income of EUR
13.7 million for the first nine months of the financial year 2009/2010. As of
December 31, 2009, the net asset value per share stood at EUR 50.60 (CHF
75.21), which represents an increase of 7.0% in EUR and 4.8% in CHF,
respectively, since April 1, 2009.

The balance sheet of PEH was in a healthy state already at the beginning of the
financial year. Since April 1, 2009 the key financial ratios have improved even
further. Despite capital calls of EUR 14.3 million, PEH's net current assets
increased by 37.2%, while unfunded commitments decreased by 17.1%. At the end of
2009, the unfunded commitments of PEH amounted to a mere 42% of total equity.

In the last three years, which have mostly been characterized by the financial
crisis, the NAV per share of PEH (in EUR) increased by 23.9%. In January, the
NAV per share (in EUR) has increased again by 2.4%. The discount of the share
price to NAV currently stands at 55.5%. Given the solid liquidity cushion and
growth potential of the portfolio, the Board of Directors considers this
discount as clearly too high.

The Chairman's letter to the Company's shareholders and the Quarterly Report as
of December 31, 2009 are available on our website


Private Equity Holding AG (SIX: PEHN), managed by Alpha Associates, offers
investors the opportunity to invest, within a simple legal and tax optimized
structure, in a broadly diversified and professionally managed private equity

For further information, please contact:
Peter Wolfers, Investor Relations,
, phone +41 41 726 79 80 or


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Private Equity Holding AG
Innere Güterstrasse 4 Zug null

WKN: 906781;ISIN: CH0006089921;

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