Result of EGM

PANTHEON INTERNATIONAL PARTICIPATIONS PLC                   
                 RESULTS OF THE EXTRAORDINARY GENERAL MEETING                  

                                      AND                                      

                           RESULTS OF THE OPEN OFFER                           

The Board of Directors of Pantheon International Participations PLC (the 
"Company") is pleased to announce that, at an Extraordinary General Meeting of
the Company held earlier today, the resolutions relating to the issue of
ordinary shares in the capital of the Company by way of the placing and open
offer to raise up to approximately £100 million before expenses announced on 21
May 2007, being resolutions to increase the authorised share capital of the
Company, to give the Directors authority to allot shares and to disapply
pre-emption rights (the "Resolutions") were passed.

In consequence of the Resolutions being passed, the authorised share capital of
the Company has been increased from £36,124,695.73 to £43,528,195.73,
comprising £42,528,195.73 in nominal amount of ordinary shares of 67 pence each
and £1,000,000 in nominal amount of redeemable shares of 1 penny each and the
Directors have authority to allot up to £7,403,500 in nominal amount of
ordinary shares for the purpose of giving effect to the placing and open offer.

The Board is also pleased to announce that valid applications have been made
under the open offer for a total of approximately £33.6 million in new ordinary
shares, being approximately £17.6 million in respect of open offer entitlements
for new ordinary shares and approximately £16.0 million by way of excess
applications. On the basis of current indications under the placing, the issue
is likely to be over subscribed.  As a result, both the placing indications and
excess applications under the open offer are likely to be scaled back.  A
further announcement will be made in due course.

A copy of the Resolutions will shortly be available for viewing at the document
viewing facility of the UKLA.

14 June 2007

Enquiries:

Rhoddy Swire [phone]

Pantheon International Participations PLC

Michael Buckley [phone]

Capita Sinclair Henderson Ltd (company secretary)

Andrew Lebus [phone]

Pantheon Ventures Limited

Lewis Aldridge [phone]

Pantheon Ventures Limited

Andrew Zychowski [phone]

Dresdner Kleinwort

Robbie Robertson [phone]

Dresdner Kleinwort

Dresdner Kleinwort Securities Limited, which is authorised and regulated by the
Financial Services Authority, is acting for the Company, and for no-one else in
connection with the contents of this announcement and will not be responsible
to anyone other than the Company for providing the protections afforded to
customers of Dresdner Kleinwort Securities Limited, or for affording advice in
relation to the contents of this announcement or any matters referred to
herein. Dresdner Kleinwort Securities Limited is not responsible for the
contents of this document. Dresdner Kleinwort Securities Limited has given and
not withdrawn its written consent to the issue of this announcement with the
inclusion of the reference to its name in the form and context in which it is
included.