Net Asset Value(s)

22nd October 2013

                   Pantheon International Participations PLC                   

                    Net Asset Value at 30th September 2013                     

Pantheon International Participations PLC ("PIP") announces an unaudited net
asset value ("NAV") per share at 30th September 2013 of 1,283.3p, a decrease of
49.9p (-3.7%) from the NAV per share at 31st August 2013. Adverse currency
movements, caused in particular by the US dollar which declined by c. 4.5%
against sterling, explained the majority of the movement in NAV over the
period. PIP received little new valuation information in the month.

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 September 2013, the majority of reported
valuations (accounting for circa 95% by value) are dated 30th June 2013.

At 30th September 2013, PIP's private equity assets stood at £776m, with cash
balances of £91m. Undrawn commitments to investments stood at £175m at 30th
September 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 net cash of £15.2m during the month, with
distributions of £16.3m relative to £1.1m of calls from existing commitments to
private equity funds.

PIP completed two new investments in the month. A £1.9m co-investment alongside
Bencis Capital was made to acquire Xeikon, a designer, manufacturer and
distributor of digital printing and pre-press equipment. PIP also completed a £
1.0m co-investment with Herkules Capital in Schat Harding, a supplier and
service provider of lifeboats in the Nordic region. In addition, two new
secondaries are at an advanced stage, pending completion, and are expected to
close in the fourth quarter. Beyond that the pipeline of secondaries has
increased since the first half of the year, and activity is expected to further
pick up during the fourth quarter.

During the month, PIP invested £0.3m in share buybacks, acquiring 25,000
ordinary shares at a price of 1,031.0p. The share buybacks were executed at a
discount of 23% to the NAV per share at 31st August 2013. Since the month-end
the company has invested an additional £4.7m in acquiring 450,000 ordinary
shares.

Monthly Report

The September 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 +44 (0) 20    
                   Participations PLC                  7484 6200               
                                                                               
                   Norfolk House                       Facsimile [phone]
                                                       6201                    
                   31 St. James's Square                                       
                                                       E-mail:                 
                   London SW1Y 4JR                     [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.