On September 5, 2006 Private Equity Holding (PEH) last informed on the status of the earn-out in connection with the 2003 restructuring of PEH and its subsidiaries. After close of business on October 13, 2006, CSFB Strategic Partners II LP (CSFB Fund) informed PEH that it expects to make a first earn-out payment within the next 30 days. In addition, the CSFB Fund made available to PEH for the first time information allowing the calculation and balance sheet recognition of the earn-out as of September 30, 2006. The semi-annual report of PEH, which will be published on October 26, 2006, will show a value of EUR 48.873 million for the position Earn-Out. The fair value per share as of September 30, 2006 will accordingly increase by EUR 12.06 to EUR 38.41 (CHF 60.85).
The above mentioned balance sheet value of the earn-out is calculated as of the balance sheet date. The CSFB Fund has however confirmed that it will provide PEH with all the information required for the calculation of the earn-out at regular intervals.
It can be expected that PEH will regularly receive payments from the earn-out in future. The ultimate value of the earn-out can, however, not be assessed prior to June 30, 2010.
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Private Equity Holding AG (SWX: 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 portfolio. For additional information: www.peh.ch or Tamara Krebs, Investor Relations and Communications (phone +41 41 726 79 80).