Result of AGM

PANTHEON INTERNATIONAL PARTICIPATIONS PLC

RESULT OF ANNUAL GENERAL MEETING HELD ON 25 NOVEMBER 2013


Annual General Meeting

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

The business of the Meeting included the following resolutions:

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.

The proxy votes received on each resolution were as follows:

                            For        Against    At Chairman's     Withheld
                                                     discretion             
                                                                           
Resolution 1         14,449,917              0                0            0
                                                                           
Resolution 2         14,429,758         19,951                0          208
                                                                           
Resolution 3         14,443,786              0                0        6,131
                                                                           
Resolution 4         14,430,980              0                0       18,937
                                                                           
Resolution 5         14,330,557        113,229                0        6,131
                                                                           
Resolution 6         13,654,362        173,246                0      622,309
                                                                           
Resolution 7         12,776,781          1,725                0    1,671,411
                                                                           
Resolution 8         14,449,832              0                0           85
                                                                           
Resolution 9         14,416,888         33,029                0            0
                                                                           
Resolution 10        14,408,058         40,920                0          939
                                                                           
Resolution 11        14,367,927              0          725,607            0
                                                                           
Resolution 12        14,122,098        245,829          725,607            0


A copy of the full text of Resolutions 9 to 12 will be submitted to the
National Storage Mechanism and will shortly be available for viewing at http://
www.morningstar.co.uk/uk/nsm

25 November 2013