Additional Listing

Pantheon Intl Participations PLC
21 November 2001



PANTHEON INTERNATIONAL PARTICIPATIONS PLC



The Company announces that, as at the final Warrant exercise date of 19
November 2001, subscription rights in respect of 4,778,065 of the total
4,811,912 outstanding Warrants had been exercised by Warrantholders
representing subscriptions for 3,535,743  Ordinary Shares of 67p each ('the
New Ordinary Shares') and  1,242,267  Participating Loan Notes (the 'New
Participating Loan Notes') at the Warrant exercise price of 250p per New
Ordinary share or New Participating Loan Note.



Pursuant to the terms of the trust deed constituting Participating Loan Notes
the New Participating Loan Notes are deemed to have been issued at an initial
issue price of 609.21p each (being the Adjusted Redemption Value at 28
September 2001).



Pursuant to the terms of the Warrant Instrument the Company intends to appoint
a trustee for the purpose of exercising, subject to the terms of the Warrant
Instrument, the remaining 33,847 Warrants on or before 3 December 2001.



Application will be made for the New Ordinary Shares and the New Participating
Loan Notes (and the Ordinary Shares of 67p each and Participating Loan Notes
resulting from any exercise by the trustee of the 33,847 remaining Warrants)
to be admitted to the Official List of the UK Listing Authority and to trading
on the London Stock Exchange's market for listed securities. Dealings are
expected to commence on 29 November 2001.