Net Asset Value(s)

24th July 2013

                   Pantheon International Participations PLC                   

                       Net Asset Value at 30th June 2013                       

Pantheon International Participations PLC ("PIP") announces an unaudited net
asset value ("NAV") per share at 30th June 2013 of 1,331.9p, a decrease of 0.5p
from the NAV per share at 31st May 2013.

PIP's valuation policy for private equity funds is based on the latest
valuations reported by the managers of the funds in which PIP has holdings. In
the case of PIP's valuation at 30th June 2013, the majority of reported
valuations (accounting for circa 94% by value) are dated 31st March 2013.

At 30th June 2013, PIP's private equity assets stood at £826m, whilst cash
balances were £78m. Undrawn commitments to investments stood at £195m at 30th
June 2013, calculated using exchange rates at that date. In addition, the
Company's multi-currency revolving credit facility agreement, comprising a
US$82m facility and a €57m facility, remained completely undrawn.

PIP's portfolio generated £15.5m of cash during the month, with distributions
of £18.2m relative to £2.7m of calls from existing commitments to private
equity funds.

Amongst new investments in the month was a £10.2m secondary commitment to
Providence Equity Partners VI, a global large buyout fund, which was
approximately 87% funded. In addition, a £1.1m co-investment was made to
acquire a fully integrated poultry company based in Australia.

During the month, PIP invested £2.5m in share buybacks, acquiring 237,000
ordinary shares at an average price of 1,044.3p. This price represented a 22%
discount to the NAV per share at 31st May 2013.

The NAV per share at 30th June 2013 of 1,331.9p is an increase of 138.4p, or
11.6%, for the financial year since 30th June 2012. This increase was driven by
portfolio gains of 83.2p (7.0%), positive foreign-exchange movements of 43.5p
(3.6%) and the effect of share buybacks of 13.8p (1.2%).

PIP's portfolio generated £149.8m of cash during the year, with distributions
of £189.6m relative to £39.8m of calls from existing commitments to private
equity funds.

PIP made 20 new investments in the year with total commitments of £129m. This
included 11 commitments totalling £113m to funds which on average were 63%
funded at completion. PIP also made 9 co-investments, committing £16m.

During the year PIP invested £27m in share buybacks, acquiring 1.6m ordinary
shares, and 1.4m redeemable shares. The share buybacks were executed at an
average discount of 27% to the latest announced NAV per share at the time of
the buyback.

A sample from the underlying companies in PIP's buyout portfolio shows revenue
and EBITDA growth of +11.6% and +14.4% for the year to 31st December 2012. The
sample includes all companies where PIP has been supplied the requisite data
and covers 55-60% of PIP's buyout portfolio. This is a continuation of strong
performance in PIP's buyout portfolio relative to the equivalent growth rates
of the FTSE and MSCI World indices. This strong top-line performance and
efficient cost control of companies within our portfolio is, we believe, a
natural consequence of PIP's mid-market focus where opportunities provide scope
for outperformance under the private equity model.

Monthly Report

The June monthly newsletter can be accessed on PIP's website at www.pipplc.com
in the Investor Relations section under the heading "Reports & Newsletters", or
by following this link: http://www.pipplc.com/investor-relations/financial-reports.

                                     Ends                                      

NOTES

PIP

PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP
("Pantheon"), one of the longest-established international private equity
fund-of-funds managers, investing in both primary funds and secondary
transactions. With investments in private equity funds, covering multiple
private equity strategies ranging from investments in late stage buyouts to
early stage technology, PIP enables individuals as well as institutions to gain
access to a substantial portfolio of unquoted companies in the USA, the UK,
Continental Europe and Asia, within funds managed by experienced private equity
managers. PIP may occasionally acquire direct holdings in unquoted companies,
usually where a vendor is seeking to sell a combined portfolio of funds and
direct holdings. PIP's investment policy also extends to investing directly in
companies where there is a private equity manager well known to the Company
investing on the same terms.

Pantheon

Pantheon has been active in private equity since 1982 and is now one of the
world's leading private equity fund-of-funds managers, with £15.8bn under
management (as at 31st March 2013). Pantheon's offices are located in London,
San Francisco, New York and Hong Kong, and it has made investments in over
1,000 funds globally.

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.

                                                                               

                   Pantheon International              Telephone [phone]   
                   Participations PLC                                
                   Norfolk House                       Facsimile [phone]                    
                   31 St. James's Square                                       
                   London SW1Y 4JR                     E-mail: [e-mail]                
                                                       Internet: www.pipplc.com

Registered office: Beaufort House, 51 New North Road, Exeter, Devon EX4 4EP. 
Incorporated in England number: 2147984.                                     
                                                                             
An investment company under section 833 of the Companies Act 2006. Managed by
Pantheon Ventures (UK) LLP.