Pantheon International Regulatory News (PIN)

22nd August 2014 Pantheon International Participations PLC Performance update at 31st July 2014 Pantheon International Participations PLC ("PIP") announces an unaudited netasset value ("NAV") per share at 31st July 2014 of 1,373.1p, an increase of8.9p (0.7%) from the NAV per share as at 30th June 2014. Investment income(2.1p, 0.2%), foreign exchange gains (9.7p, 0.7%) and share buybacks (0.8p,0.1%) were offset by valuation losses (-2.0p, -0.2%) and expenses (-1.7p,-0.1%). PIP's valuation policy for private equity funds is based on the latestvaluations reported by the managers of the funds in which PIP has holdings. Inthe case of PIP's valuation at 31st July 2014, the majority of reportedvaluations (accounting for circa 93% by value) are dated 31st March 2014 orlater. At 31st July 2014, PIP's private equity assets stood at £835m, whilst cashbalances were £71m. Undrawn commitments to investments stood at £196m at 31stJuly 2014, calculated using exchange rates at that date. In addition, theCompany's multi-currency revolving credit facility agreement, comprising aUS$82m facility and a €57m facility, remained completely undrawn. PIP's portfolio generated net cash of £16.9m during the month, withdistributions of £19.0m relative to £2.1m of calls from existing commitments toprivate equity funds. During the month, PIP completed five new investments comprising twosecondaries, two primaries and one co-investment. The secondaries comprise a £20.1m investment in a European buyout fund that was 88% funded and a £11.5minvestment in three European buyout funds that were on average 90% funded. PIPmade two primary commitments to European buyout funds: £9.3m to Altor Fund IVand £7.5m to ECI 10. PIP also completed a £4.2m co-investment alongsideWasserstein & Co., LP in ALM Media, a global leader in specialised businessnews and information. PIP acquired 100,000 ordinary shares for a total of £1.14m at a price of1,144.0p per share (16% discount to NAV per share at 30th June 2014), and100,000 redeemable shares for a total of £1.06m at a price of 1,055.0p pershare (23% discount to NAV per share at 30th June 2014). Monthly Report The July monthly newsletter can be accessed on PIP's website at www.pipplc.comin the Investor Relations section under the heading "Reports & Newsletters", orby following this link:http://www.pipplc.com/investor-relations/financial-reports. Ends NOTES PIP PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP("Pantheon"), a leading global private equity fund investor, investing in bothprimary funds and secondary transactions, and from time to time capitalisingfurther on its fund investment activities by acquiring direct holdings inunquoted companies, usually either where a vendor is seeking to sell a combinedportfolio of fund interests and direct holdings or where there is a privateequity manager, well known to Pantheon, investing on substantially the sameterms. With investments in private equity funds, covering multiple privateequity strategies ranging from investments in late stage buyouts to early stagetechnology, PIP enables individuals as well as institutions to gain access to asubstantial portfolio of unquoted companies in the USA, the UK, ContinentalEurope and Asia, within funds 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), over 195 employees, includingover 70 investment professionals, located across offices in London, SanFrancisco, New York, Hong Kong, Seoul and Bogotá. For more information please visit PIP's website at www.pipplc.com or contact: Andrew Lebus or Alexis Barling Pantheon 020 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) isincorporated into, or forms part of this announcement. Pantheon International Telephone +44 (0) 20 Participations PLC 7484 6200 Norfolk House Facsimile +44 (0)20 7484 6201 31 St. James's Square E-mail: London SW1Y 4JR pip.ir@pantheon.com Internet: www.pipplc.com Registered office: Beaufort House, 51 New North Road, Exeter, Devon EX4 4EP.Incorporated in England number: 2147984. An investment company under section 833 of the Companies Act 2006. Managed byPantheon Ventures (UK) LLP.