Princess Private Equity Holding Limited announced changes to Board composition. Mr. Peter McKellar has accepted an invitation to join the Board as Non-Executive Chair with effect from 23 November 2023, subject to the necessary regulatory registrations in Guernsey. Peter has extensive experience in the asset management, investment company and private equity sectors.

He is currently a Non-Executive Director of 3i Group plc, the Deputy Chairman of AssetCo plc, a Board Member of Scottish Enterprise, and the Vice Chairman of Investcorp Europe Acquisition Corp. 1. He was formerly Global Head of Private Markets at Standard Life Aberdeen plc, before which he led Standard Life Investments' private equity and infrastructure business and was their Chief Investment Officer. During his time at Standard Life Investments Peter led the listing in 2001 and was then lead manager of Standard Life Private Equity Trust (now called Abrdn Private Equity Opportunities) until 2015.

Prior to that, he held a variety of finance posts in industry and corporate finance positions. Neither Peter nor any connected party to Peter has any beneficial interest in shares of the Company at the date of this announcement. There are no further details required to be disclosed pursuant to section 9.6.13 of the UKLA Listing Rules.

Mr. Henning von der Forst has notified the Board that, having served as a Non-Executive Director since 2012, he intends, in line with best practice for UK-listed companies, not to seek re-election at the next AGM scheduled to be held in June 2024.