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Portfolio Update

4 Apr 2005 16:01

PANTHEON INTERNATIONAL PARTICIPATIONS PLCIn accordance with UKLA Listing Rule 21.20(l)(ii), the following listrepresents the Company's 10 largest investments as at 31 March 2005 and whereappropriate, any investment with a value greater than 5% of the Company's grossassets:Name of company Class of share Bowman Partners* Unquoted Fund Klee USA Fund I* Unquoted Fund Industri Kapital 2000 Fund Unquoted Fund Pantheon Global PCC Unquoted Fund Klee Europe Fund II Unquoted Fund Silver Cup Partners Unquoted Fund WIN 4 Holdings Unquoted Fund BC European Capital VII Unquoted Fund Softbank Capital Partners Unquoted Fund Alchemy Plan Unquoted Fund *Holding greater than 5% of the company's gross assets.ENDPANTHEON INTERNATIONAL PARTICIPATIONS PLC

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