Pantheon International Regulatory News (PIN)

22 Mar 2007 15:40

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

Pantheon International Participants Plc

2. Reason for the notification State Yes/No An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the notification obligation Miss Judith (iii):

Susan Portrait 4. Full name of shareholder(s) (if different from 3.) (iv):

5. Date of the transaction (and date on which the threshold is 22 March 2007 crossed

or reached if different) (v): 6. Date on which issuer notified: 23 March 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details:

A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering

shares to transaction (vii) if possible the Triggering using the ISIN transaction (vi)

CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi) Ordinary 1,323,206 1,323,206 1,188,278 1,188,278 0 4.49% shares GB0004148507 B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of Expiration Exercise/ Number of voting % of financial date (xiii) Conversion rights that may be voting instrument Period/ Date (xiv) acquired if the rights instrument is exercised/ converted Total (A+B) Number of voting rights % of voting rights 1,188,278 4.49%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

Proxy Voting:10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting

rights: 13. Additional information: 14. Contact name:

15. Contact telephone number:

Annex Notification Of Major Interests In Shares (xvi)

A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) Miss Judith Susan Portrait Contact address (registered office for legal entities) Portrait

Solicitors, 1 Chancery Lane, London, WC2A 1LF Phone number 0207 320 3890

Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable (xvii)

Full name Contact address Phone number

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information