Pantheon International Regulatory News (PIN)

22nd May 2014 Pantheon International Participations PLC Performance update at 30th April 2014 Pantheon International Participations PLC ("PIP") announced an unaudited netasset value ("NAV") per share at 30th April 2014 of 1,341.2p, a decrease of2.9p (-0.2%) from the NAV per share as at 31st March 2014. Valuation gains(10.0p, 0.8%), investment income (1.2p, 0.1%) and share buybacks (2.0p, 0.1%)were offset by foreign exchange losses (-14.7p, -1.1%) and expenses (-1.4p,-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 30th April 2014, the majority of reportedvaluations (accounting for circa 97% by value) are dated 31st December 2013 orlater. At 30th April 2014, PIP's private equity assets stood at £800m, with cashbalances of £90m. Undrawn commitments to investments stood at £186m at 30thApril 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 £7.8m during the month, withdistributions of £12.6m relative to £4.8m of calls from existing commitments toprivate equity funds. PIP completed two co-investments during the month, a £4.7m co-investmentalongside Headland Capital Partners in Miclyn Express Offshore Limited, aprovider of service vessels to the offshore oil & gas sector in Southeast Asia,Australia and the Middle East, and a £2.2m co-investment alongside SvobodaCapital Partners in Reliable Parts Ltd., a leading distributor of applianceparts throughout North America. During the month, PIP invested £5.3m in share buybacks, acquiring 250,000ordinary shares for a total of £2.8m at a price of 1,090.0p per share (19%discount to NAV per share at 31st March 2014), and 240,000 redeemable sharesfor a total of £2.5m at a price of 1,050.0p per share (22% discount to NAV pershare at 31st March 2014). Monthly Report The April 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, Pantheonhas developed a strong reputation and track record in primary, secondary andco-investments and across all stages and geographies. Pantheon has £17.3billion in AUM (as at 31st December 2013), over 180 employees, including over70 investment professionals, located across offices in London, San Francisco,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 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) isincorporated into, or forms part of this announcement. Pantheon International Telephone +44 (0) 20 7484 6200 Participations PLC Facsimile +44 (0) 20 7484 6201 Norfolk House E-mail: pip.ir@pantheon.com 31 St. James's Square Internet: www.pipplc.com London SW1Y 4JR 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.