Listing of PLNs

Pantheon International Participations PLC                   

Further to the announcement made by Pantheon International Participations PLC
(the 'Company') on 10 November 2003, the Company has today published listing
particulars in relation to the issue on 10 November 2003 of 2,485,410
participating loan notes of the Company ('PLNs') at the initial issue price of
555.24p per PLN, being the adjusted redemption value of a PLN as at 30
September 2003 (the 'Issue').

Application has been made for the PLNs to be admitted to listing on the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities. Dealings in the PLNs are expected to
commence on 12 December 2003.

The net proceeds of the Issue have been applied in repaying short term
borrowings incurred by the Company in making investments. This will increase
the Company's capacity to make additional investments.

A copy of the listing particulars has been submitted to the UK Listing
Authority and is available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel no. 020 7676 1000

Enquiries:

Alastair Bruce Tel: [phone]

Pantheon Ventures Limited

[e-mail]