Pantheon International Regulatory News (PIN)

19 Oct 2012 13:03

19th October 2012 Pantheon International Participations PLC Net Asset Value at 30th September 2012

Pantheon International Participations PLC ("PIP" or the "Company"), the quoted private equity fund-of-funds investment trust, today announces an unaudited net asset value ("NAV") per share of 1,178.1p at 30th September 2012, a decrease of 0.9% for the month. During the month, net gains from the portfolio of 3.0p per share were outweighed by losses from foreign exchange movements.

PIP's valuation policy for private equity funds is based on the latest valuations reported by the managers of the fund in which PIP has holdings. In the case of PIP's valuation at 30th September 2012, the majority of reported valuations (accounting for circa 97% by value) are dated 30th June 2012.

At 30th September 2012, PIP's private equity assets stood at £766m, whilst cash balances were approximately £68m. Undrawn commitments to investments stood at £ 176m at 30th September 2012, calculated using exchange rates at that date. In addition, the Company's multi-currency revolving credit facility agreement, comprising an US$82m facility and a €57m facility, was completely undrawn.

PIP continued to see good levels of cash flow in the month. £19.5m of distributions were generated from the portfolio relative to £4.5m in calls from existing commitments to private equity funds. The Company also invested in share buybacks, acquiring for cancellation 60,000 redeemable shares at a price of 745p per share.

Monthly Report

The September monthly newsletter can be accessed on PIP's website at www.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 NOTESPIP

Pantheon International Participations ("PIP") is a London quoted investment trust, managed by Pantheon, one of the longest-established international private equity fund-of-funds managers, investing in both primary funds and secondary transactions. With investments in private equity funds, covering late stage buyouts to early stage technology, PIP enables individuals as well as institutions to gain access to a substantial portfolio of unquoted companies in the USA, the UK, Continental Europe and Asia, within funds managed by experienced private equity managers. PIP may occasionally acquire direct holdings in unquoted companies, usually where a vendor is seeking to sell a combined portfolio of funds and direct holdings. PIP's investment policy also extends to investing directly in companies where there is a private equity manager well known to the Company investing on the same terms.

Pantheon

Pantheon has been active in private equity since 1982 and is now one of the world's leading private equity fund-of-funds managers, with £15.0bn under management (as at 31st March 2012). Pantheon has offices in London, San Francisco, New York and Hong Kong, and has made investments in over 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 website accessible from hyperlinks on the Company's website (or any other website) is incorporated 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 by Pantheon Ventures (UK) LLP.