Pantheon International Regulatory News (PIN)

22nd October 2013 Pantheon International Participations PLC Net Asset Value at 30th September 2013 Pantheon International Participations PLC ("PIP") announces an unaudited netasset value ("NAV") per share at 30th September 2013 of 1,283.3p, a decrease of49.9p (-3.7%) from the NAV per share at 31st August 2013. Adverse currencymovements, caused in particular by the US dollar which declined by c. 4.5%against sterling, explained the majority of the movement in NAV over theperiod. PIP received little new valuation 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 September 2013, the majority of reportedvaluations (accounting for circa 95% by value) are dated 30th June 2013. At 30th September 2013, PIP's private equity assets stood at £776m, with cashbalances of £91m. Undrawn commitments to investments stood at £175m at 30thSeptember 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 net cash of £15.2m during the month, withdistributions of £16.3m relative to £1.1m of calls from existing commitments toprivate equity funds. PIP completed two new investments in the month. A £1.9m co-investment alongsideBencis Capital was made to acquire Xeikon, a designer, manufacturer anddistributor of digital printing and pre-press equipment. PIP also completed a £1.0m co-investment with Herkules Capital in Schat Harding, a supplier andservice provider of lifeboats in the Nordic region. In addition, two newsecondaries are at an advanced stage, pending completion, and are expected toclose in the fourth quarter. Beyond that the pipeline of secondaries hasincreased since the first half of the year, and activity is expected to furtherpick up during the fourth quarter. During the month, PIP invested £0.3m in share buybacks, acquiring 25,000ordinary shares at a price of 1,031.0p. The share buybacks were executed at adiscount of 23% to the NAV per share at 31st August 2013. Since the month-endthe company has invested an additional £4.7m in acquiring 450,000 ordinaryshares. Monthly Report The September monthly newsletter can be accessed on PIP's website atwww.pipplc.com in the Investor Relations section under the heading "Reports &Newsletters", or by 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 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.