Issue of New Redeemable Shares & Repayment ...

24th August 2011

                   Pantheon International Participations PLC                   

   Completion of Issue of New Redeemable Shares and Repayment of Loan Notes    

Pantheon International Participations PLC (the "Company") announces today that
it has drawn down commitments to subscribe £100,500,082.88 for new redeemable
shares of £0.01 each in the capital of the Company ("New Redeemable Shares")
from the institutions with whom the Company has entered into standby
subscription agreements under which those institutions can be called upon by
the Company to subscribe for New Redeemable Shares ("Standby Commitments").
Simultaneously the Company has repaid £100.5m of outstanding unsecured
subordinated loan notes ("Loan Notes") held by the same institutions. These
actions have effectively exchanged the full balance of the Loan Notes for the
New Redeemable Shares. Following these actions the Company has £49.5m of
Standby Commitments remaining undrawn. The Board does not currently expect to
utilise the remaining £49.5m of Standby Commitments.

Based on the adjusted NAV per share of 1,104.12p as at 30th June 2011, the
Company has issued 9,102,279 New Redeemable Shares. The New Redeemable Shares
have been admitted today to the Official List of the United Kingdom Listing
Authority and to trading on the London Stock Exchange plc's Main Market for
listed securities ("Admission"). The New Redeemable Shares rank pari passu with
the existing redeemable shares of the Company.

Following Admission, the issued share capital of the Company comprises
37,521,013 ordinary shares of 67p each with voting rights ("Ordinary Shares")
and 37,973,534 non-voting redeemable shares of 1p each.

The above figure of 37,521,013 Ordinary Shares may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in,
Pantheon International Participations PLC under the FSA's Disclosure Rules and
Transparency Rules.

                                                                    
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.