Holding(s) in Company

Pantheon International Participations PLC                   

The Company was today informed by Asset Value Investors Limited that, following
a sale of 75,000 Ordinary 67p shares on 29 November 2005 they are now interested in 1,550,000
Ordinary 67p shares of the Company, representing 5.86% of the issued class of
capital.

The breakdown of the holding is as follows:

Beneficial Holder              Ordinary 67p
                                     shares
                                           
AVI Value Fund LLC                  124,477
                                           
British Empire Securities           899,040
                                           
Carnegie Corporation                 54,529
                                           
CF AVI Global Fund                   56,020
                                           
Columbia University                  15,190
                                           
Lord North Street                    13,957
                                           
Rockefeller University               58,384
                                           
Yale University                     328,403
                                           

1 December 2005