KKR PEI Names Third Independent Director

Dieter Rampl, chairman of Unicredit Group, has been named an independent director of KKR Private Equity Investors LP, an Amsterdam-listed affiliate of mega-buyout firm KKR.

PRESS RELEASE

KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE) announced that Dieter Rampl has joined the Board of Directors of KKR Guernsey GP Limited, the general partner of KPE, as an independent director. Mr. Rampl is the Chairman of UniCredit Group.

The other members of the Board of Directors are Henry R. Kravis, Co-Founder of KKR; George R. Roberts, Co-Founder of KKR; Christopher M.W. Hill, Associate of the Chartered Institute of Bankers; and Remmert J. Laan, Vice Chairman of Leonardo & Co.

About KPE

KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE) is a Guernsey limited partnership that seeks to create long-term value by participating predominantly in private equity investments identified by Kohlberg Kravis Roberts & Co. As of March 31, 2009, KPE’s investment portfolio was substantially comprised of limited partner interests in six KKR private equity funds, co-investments in 13 companies alongside the private equity funds and three negotiated equity investments. KPE is governed by its general partner’s board of directors, which is required to have a majority of independent directors, and makes its investments as the sole limited partner of another Guernsey limited partnership, KKR PEI Investments, L.P.

The common units and related restricted depositary units of KPE are subject to a number of ownership and transfer restrictions. Information concerning these ownership and transfer restrictions is included on the Investor Relations section of KPE’s website at www.kkrprivateequityinvestors.com.

No Offering Statement

This release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from KPE and that will contain detailed information about KPE and management, as well as financial statements.