Half-Year Report as of September 30, 2007

In the first half of the financial year 2007/2008, Private Equity Holding AG reports a comprehensive net gain of EUR 29 million. The fair value per share increased from EUR 45.66 to EUR 52.99. On October 4, 2007, Private Equity Holding AG published the preliminary fair value per share as of September 30, 2007 of EUR 52.93 (CHF 87.91). After the closing of the accounts, the final fair value per share as of September 30, 2007 stands now at EUR 52.99 (CHF 88.00). Private Equity Holding AG's strategic goals are consistent net asset value growth and a further reduction of the discount between the fair value per share and the share price. Over the last 12 months, the fair value per share grew by 45%. The share price increased from CHF 33.00 to CHF 66.50 (102%), and the discount decreased from 46% to 24%. The Board of Directors and the manager of Private Equity Holding AG, ALPHA Associates, are confident that consistent net asset value growth will result in a further and sustainable reduction of the discount. The Half-Year Report as of September 30, 2007, and an investor presentation are available on our website www.peh.ch. 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 further information, please contact: Claudine Birbaum, Investor Relations, claudine.birbaum@peh.ch, phone +41 41 726 79 80 or http://www.peh.ch. --- End of Message --- Private Equity Holding AG Innere Güterstrasse 4 Zug WKN: 906781; ISIN: CH0006089921; Index: IGSP; Listed: Investment Companies in SWX Swiss Exchange;