Further re placing of new redeemable shares

29 March 2005

Pantheon International Participations PLC

Further to the announcement of 9 March 2005 the board of Pantheon International
Participations PLC (the 'Company') is pleased to announce that commitments to
subscribe GBP 87,529,292 (before expenses) have been obtained in the recent
Placing of new redeemable shares (the 'Shares') in the Company.

These subscription commitments have been accepted in full and the Company has
accordingly allotted, subject to and conditionally on Admission to the Official
List of the UKLA and to trading on the London Stock Exchange becoming
effective, 15,160,000 Shares at a subscription price of 577.37p per share.
Admission is expected to take place and dealings in the Shares on the London
Stock Exchange are expected to commence on Wednesday 30 March 2005. The Shares
issued under the Placing will rank pari passu in all respects with the existing
redeemable shares in issue.

Terms defined in the listing particulars dated 8 March 2005 bear the same
meanings when used in this announcement.

For more information:

Pantheon International Participations PLC - 020 7484 6200
www.pipplc.com [e-mail]

Rhoddy Swire



Pantheon Ventures - 020 7484 6200

Alastair Bruce / Andrew Lebus



Dresdner Kleinwort Wasserstein - 020 7623 8000

Robbie Robertson/Andrew Zychowski



Dresdner Kleinwort Wasserstein Securities Limited, which is authorised and
regulated by the Financial Services Authority, is acting for the Company and
for no-one else in connection with the Placing and will not be responsible to
anyone other than the Company for providing the protections afforded to
customers of Dresdner Kleinwort Wasserstein Securities Limited, or for
affording advice in relation to the Placing.