Holding(s) in Company

Pantheon International Participations PLC                   

The Company was today informed by Asset Value Investors Limited that, following
a sale of 283,682 Ordinary 67p shares on 16 December 2005 they are now
interested in 941,318 Ordinary 67p shares of the Company, representing 3.56% of
the issued class of capital.

The breakdown of the holding is as follows:

Beneficial Holder              Ordinary 67p
                                     shares
                                           
AVI Value Fund LLC                   61,724
                                           
British Empire Securities           562,551
                                           
Carnegie Corporation                 33,482
                                           
CF AVI Global Fund                   27,176
                                           
Columbia University                   6,169
                                           
Lord North Street                     6,041
                                           
Rockefeller University               35,539
                                           
Yale University                     208,636
                                           

21 December 2005