EGM Statement

8 September 2004

Pantheon International Participations PLC

Result of EGM and Result of Meeting

The Board of Pantheon International Participations PLC (the 'Company')
announces that at a meeting of holders of the Company's Participating Loan
Notes ('PLNs') and at a separate Extraordinary General Meeting of the Company
held earlier today, the proposals for the reorganisation of the Company's
capital structure and for the granting of authority for future issues of
redeemable shares, including by way of a placing (as set out in the circular
sent to shareholders and holders of PLNs on 9 August 2004) were approved.

The expected timetable for the reorganisation of the Company's capital
structure is as follows (all dates are 2004):

Dealings in PLNs for cash settlement and immediate      from 14 September      
delivery of documents of title only                                            
                                                                               
Latest time and date for receipt of Forms of            5.00 p.m on 16         
Election for new ordinary shares on conversion of       September              
PLNs                                                                           
                                                                               
Publication of conversion ratio, conversion NAV per     17 September           
ordinary share and conversion adjusted redemption                              
value                                                                          
                                                                               
Last time for dealings in PLNs                          5.00 p.m on 17         
                                                        September              
                                                                               
Record date for conversion                              5.00 p.m on 17         
                                                        September              
                                                                               
Admission of and commencement of dealings in the new    8.00 a.m on 20         
redeemable shares and new ordinary shares arising on    September              
conversion and CREST accounts credited with new                                
redeemable shares and new ordinary shares and                                  
cancellation of listing of PLNs                                                
                                                                               
Despatch of certificates (where relevant) in respect    27 September           
of the new redeemable shares and new ordinary shares                           

Enquiries:

Tom Bartlam: 020 7484 6200

Chairman

Pantheon International Participations PLC

Andrew Lebus: 020 7484 6200

Pantheon Ventures Limited

Andrew Zychowski: 020 7623 8000

Dresdner Kleinwort Wasserstein Securities Limited

Adviser to the Company