Disclosure of shareholdings


In accordance with the relevant stock exchange regulations
(Börsengesetz Art. 21) Private Equity Holding AG announces, that as
of July 15, 2003, Bank Vontobel AG, Zurich, and Vontobel
Beteiligungen AG, Zurich, both members of the Vontobel Group,
together hold less than 5% of the registered shares of Private Equity
Holding AG.
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Private Equity Holding AG (SWX: PEHN), managed by Swiss Life Private
Equity Partners, 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).