Pantheon International Regulatory News (PIN)

4 Mar 2010 15:26

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of PANTHEON

existing shares to which voting rights are attached: INTERNATIONAL

PARTICIPATIONS PLC 2. Reason for notification (yes/no) An acquisition or disposal of voting rights ACQUISITION 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 notification ASSET VALUE INVESTORS obligation:

LTD

4. Full name of shareholder(s) (Registered Holders) StateStreet Nominees

- 01RP & ASV0 BoNY Nominees - 392213 Mellon Nominees - COLF1283002 Chase Nominees - 11429 & 32072 NorTrust Nominees - YUE03 5. Date of transaction (and date on which the threshold is crossed or reached if different): 03 MARCH 2010 6. Date on which issuer notified: 04 MARCH 2010 7. Threshold(s) that is/are crossed or reached: 5% 8: Notified Details A: Voting rights attached to shares

Class/type Situation previous to the Resulting situation after the of shares triggering transaction triggering transaction

If possible Number of Number of voting Number Number of Percentage of use ISIN shares rights of voting rights voting rights code shares Direct Indirect Direct Indirect GB0004148507 0 0 1,950,000 1,880,326 5.01% 0% Ordinary Shares B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting rights that may Percentage financial date conversion be acquired (if the instrument of voting instrument period/date exercised/converted) rights N / A Total (A+B) Number of voting rights Percentage of voting rights 1,880,326 5.01%

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

Proxy Voting: 10. Name of 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 Asset Value Investors acts as discretionary manager for information: all funds mentioned in 4. 14 Contact name: Asset Value Investors Limited Daniel Sadler 15. Contact 0207 647 2919 telephone name: