Result of AGM

PANTHEON INTERNATIONAL PARTICIPATIONS PLC

RESULT OF ANNUAL GENERAL MEETING HELD ON 24 NOVEMBER 2010

Following the Annual General Meeting held today, the Company is pleased to
announce that all resolutions put to shareholders were passed.

Resolutions 1 to 8 related to Ordinary Business. Resolutions 9 to 12 related to
Special Business, as set out below:

Resolution 9: general authority to allot shares under Section 551 of the
Companies Act 2006.

Resolution 10: authority to allot securities otherwise than in accordance with
statutory pre-emption rights, under Section 570 of the Companies Act 2006.

Resolution 11: authority to make market purchases of shares under section 701
of the Companies Act 2006.

Resolution 12: authority to hold general meetings, other than Annual General
Meetings, on not less than 14 clear days' notice.

All resolutions were passed on a show of hands.

The proxy votes received on each resolution were as follows:

                            For        Against   At Chairman's     Withheld
                                                    discretion             
                                                                           
Resolution 1         16,275,170      1,122,968           7,220        3,894
                                                                           
Resolution 2         17,344,118         51,768           7,220        6,146
                                                                           
Resolution 3         17,399,014              0           7,220        3,018
                                                                           
Resolution 4         16,018,501      1,344,480           7,220       39,051
                                                                           
Resolution 5         16,037,815      1,344,480           7,220       19,737
                                                                           
Resolution 6         16,018,501      1,344,480           7,220       39,051
                                                                           
Resolution 7         17,400,346              0           7,220        1,686
                                                                           
Resolution 8         17,398,138              0           7,220        3,894
                                                                           
Resolution 9         16,260,658              0           7,220    1,141,374
                                                                           
Resolution 10        16,270,715          3,596           7,220    1,127,721
                                                                           
Resolution 11        17,398,156          1,668           7,220        2,208
                                                                           
Resolution 12        16,534,230        862,515           7,220        5,287
                                                                           

A copy of the resolutions will be submitted to the National Storage Mechanism
and will shortly be available for viewing at http://www.hemscott.com/nsm.do.

24 November 2010