Pantheon International Regulatory News (PIN)

24th July 2013 Pantheon International Participations PLC Net Asset Value at 30th June 2013 Pantheon International Participations PLC ("PIP") announces an unaudited netasset value ("NAV") per share at 30th June 2013 of 1,331.9p, a decrease of 0.5pfrom the NAV per share at 31st May 2013. 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 June 2013, the majority of reportedvaluations (accounting for circa 94% by value) are dated 31st March 2013. At 30th June 2013, PIP's private equity assets stood at £826m, whilst cashbalances were £78m. Undrawn commitments to investments stood at £195m at 30thJune 2013, 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 £15.5m of cash during the month, with distributionsof £18.2m relative to £2.7m of calls from existing commitments to privateequity funds. Amongst new investments in the month was a £10.2m secondary commitment toProvidence Equity Partners VI, a global large buyout fund, which wasapproximately 87% funded. In addition, a £1.1m co-investment was made toacquire a fully integrated poultry company based in Australia. During the month, PIP invested £2.5m in share buybacks, acquiring 237,000ordinary shares at an average price of 1,044.3p. This price represented a 22%discount to the NAV per share at 31st May 2013. The NAV per share at 30th June 2013 of 1,331.9p is an increase of 138.4p, or11.6%, for the financial year since 30th June 2012. This increase was driven byportfolio gains of 83.2p (7.0%), positive foreign-exchange movements of 43.5p(3.6%) and the effect of share buybacks of 13.8p (1.2%). PIP's portfolio generated £149.8m of cash during the year, with distributionsof £189.6m relative to £39.8m of calls from existing commitments to privateequity funds. PIP made 20 new investments in the year with total commitments of £129m. Thisincluded 11 commitments totalling £113m to funds which on average were 63%funded at completion. PIP also made 9 co-investments, committing £16m. During the year PIP invested £27m in share buybacks, acquiring 1.6m ordinaryshares, and 1.4m redeemable shares. The share buybacks were executed at anaverage discount of 27% to the latest announced NAV per share at the time ofthe buyback. A sample from the underlying companies in PIP's buyout portfolio shows revenueand EBITDA growth of +11.6% and +14.4% for the year to 31st December 2012. Thesample includes all companies where PIP has been supplied the requisite dataand covers 55-60% of PIP's buyout portfolio. This is a continuation of strongperformance in PIP's buyout portfolio relative to the equivalent growth ratesof the FTSE and MSCI World indices. This strong top-line performance andefficient cost control of companies within our portfolio is, we believe, anatural consequence of PIP's mid-market focus where opportunities provide scopefor outperformance under the private equity model. Monthly Report The June 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"), 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 £15.8bn undermanagement (as at 31st March 2013). Pantheon's offices are located in London,San Francisco, New York and Hong Kong, and it has made investments in over1,000 funds globally. 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 Norfolk House Facsimile +44 (0)20 7484 6201 31 St. James's Square London SW1Y 4JR E-mail: 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.