Pantheon International Regulatory News (PIN)

PANTHEON INTERNATIONAL PARTICIPATIONS PLC - Net Asset Value(s)

PR Newswire

London, May 20

Pantheon International Participations PLC ("PIP") announces an unaudited netasset value ("NAV") per share at 30th April 2013 of 1,272.8p, a decrease of1.6% from the NAV per share at 31st March 2013. The majority of this movementreflects negative foreign exchange movements as PIP received little newvaluation information in the month.

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 2013, the majority of reportedvaluations (accounting for circa 83% by value) are dated 31st December 2012.

At 30th April 2013, PIP's private equity assets stood at £800m, whilst cashbalances were £74m. Undrawn commitments to investments stood at £186m at 30thApril 2013, calculated using exchange rates at that date. In addition, theCompany's multi-currency revolving credit facility agreement, comprising anUS$82m facility and a €57m facility, remained completely undrawn.

PIP's portfolio generated a net £9.3m of cash during the month, withdistributions of £11.7m relative to £2.4m of calls from existing commitments toprivate equity funds.

PIP completed two secondary investments during the month, comprising a £9.9mcommitment to a US mid-market buyout fund, which was approximately 80% fundedat completion, and a £9.8m commitment to a buyout fund based in Latin Americawhich was approximately 70% funded at completion.

During the month, PIP invested £1.3m in share buybacks, acquiring 130,000ordinary shares at a price of 1,033p. This price represented a 20% discount tothe NAV per share at 31st March 2013.

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.

PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP("Pantheon"), one of the longest-established international private equityfund-of-funds managers, investing in both primary funds and secondarytransactions. With investments in private equity funds, covering multipleprivate equity strategies ranging from investments in late stage buyouts toearly stage technology, PIP enables individuals as well as institutions to gainaccess to a substantial portfolio of unquoted companies in the USA, the UK,Continental Europe and Asia, within funds managed by experienced private equitymanagers. PIP may occasionally acquire direct holdings in unquoted companies,usually where a vendor is seeking to sell a combined portfolio of funds anddirect holdings. PIP's investment policy also extends to investing directly incompanies where there is a private equity manager well known to the Companyinvesting on the same terms.

Pantheon

Pantheon has been active in private equity since 1982 and is now one of theworld's leading private equity fund-of-funds managers, with £14.9bn undermanagement (as at 31st December 2012). Pantheon's offices are located inLondon, San Francisco, New York and Hong Kong, and it has made investments inover 1,000 funds globally.

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.

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.