Pantheon International Regulatory News (PIN)

PANTHEON INTERNATIONAL PARTICIPATIONS PLC - Net Asset Value(s)

PR Newswire

London, February 20

21st February 2013

Pantheon International Participations PLC ("PIP" or the "Company"), the quotedprivate equity fund-of-funds investment trust, today announces an unaudited netasset value ("NAV") per share of 1,241.7p at 31st January 2013, an increase of2.9% for the month. The majority of this movement reflects positive foreignexchange movements as PIP received little new valuation information in themonth.

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 31st January 2013, the majority of reportedvaluations (accounting for circa 91% by value) are dated 30th September 2012.

At 31st January 2013, PIP's private equity assets stood at £779m, whilst cashbalances were £82m. Undrawn commitments to investments stood at £184m at 31stJanuary 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 continues to experience strong positive cash flow. Realisation activity inthe portfolio generated £15.3m of distributions. Calls from existingcommitments to private equity funds were £4.2m in the month.

Monthly Report

The January 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.

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 30th September 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.