Pantheon International Regulatory News (PIN)

18th November 2014 PANTHEON INTERNATIONAL PARTICIPATIONS PLC EXECUTION OF A NEW BANK LOAN FACILITY AGREEMENT Pantheon International Participations PLC ("PIP" or "the Company")today announces that it has renewed its 4-year multi-currency revolvingcredit facility agreement ("Loan Facility") with improved terms and arevised maturity date of November 2018. Amendment of Loan Facility The size of the new Loan Facility, arranged by the Royal Bank of Scotlandplc, remains unchanged at £100m equivalent which, using current exchangerates, has been redenominated to US$100m and €46m. The new Loan Facilityalso contains an accordion feature that would allow the total facility toexpand by a further £50m, subject to the Company obtaining additionalcommitments to the accordion facility and complying with financial covenants. PIP's mature portfolio, with a weighted average fund age of approximately7.8 years, is in a cash generative phase. The Company expects to financeits investments and to meet its unfunded commitments principally from internallygenerated cash resources. As at 30th September 2014, PIP had cash balances of £96m. Therefore,based on current exchange rates, PIP's total available liquid financialresources, taking into account the terms of the new Loan Facility and 30thSeptember cash balances, are equivalent to £196m. The new loan facility gives additional reassurance that the Company hasthe ability to finance its unfunded commitments in the future. ENDS NOTES PIP PIP is a London quoted investment trust, managed by Pantheon Ventures (UK)LLP ("Pantheon"), a leading global private further on its fund investmentactivities by acquiring direct holdings in unquoted companies, usually eitherwhere a vendor is seeking to sell a combined portfolio of fund interests anddirect holdings or where there is a private equity manager, well known toPantheon, investing on substantially the same terms. With investments inprivate equity funds, covering multiple private equity strategies rangingfrom investments in late stage buyouts to early stage technology, PIP enablesindividuals as well as institutions to gain access to a substantial portfolioof unquoted companies in the USA, the UK, Continental Europe and Asia, withinfunds managed by experienced private equity managers. Pantheon Pantheon is a leading global private equity fund investor that invests onbehalf of over 400 institutional investors. Established over 30 years ago,Pantheon has developed a strong reputation and track record in primary,secondary and co-investments and across all stages and geographies. Pantheonhas £18.3 billion in AUM** (as at 31st March 2014), 195 employees, includingover 70 investment professionals, located across offices in London, SanFrancisco, New York, Hong Kong, Seoul and Bogotá. ** This figure includes assets subject to discretionary or non-discretionarymanagement, advice or those limited to a reporting function. For more information please visit PIP's website at www.pipplc.com or contact: Andrew Lebus or Alexis BarlingPantheon020 7484 6200 Neither the contents of the Company's website nor the contents of any websiteaccessible from hyperlinks on the Company's website (or any other website)is incorporated into, or forms part of this announcement.