Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Pantheon International Participations Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Notification under point 7 of the Annex C      Yes     
(DTR Sourcebook - Transitional Provision) of the Transparency                  
Obligations Directive (Disclosure and Transparency Rules)                      
Instrument 2006                                                                

3. Full name of person(s) subject to the notification obligation  Co-operative 
(iii):                                                              Financial  
                                                                    Services   
                                                                     Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):       Co-operative 
                                                                    Insurance  
                                                                     Society   
                                                                     Limited   
                                                                               
5. Date of the transaction (and date on which the threshold is     10 January  
crossed                                                               2008     
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                 FSA notified 
                                                                  on 11 January
                                                                      2008.    
                                                                   Received at 
                                                                   Registered  
                                                                  Office on 24 
                                                                    September  
                                                                      2009     
                                                                               
7. Threshold(s) that is/are crossed or reached:                      5.131%    
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of  Situation previous    Resulting situation after the triggering   
    shares             to                        transaction (vii)              
 if possible     the Triggering                                                 
using the ISIN  transaction (vi)                                                
     CODE                                                                       
                                                                                
                Number    Number    Number    Number of voting    % of voting   
                  of        of        of        rights (ix)          rights     
                Shares    Voting    shares                                      
                          Rights                                                
                          (viii)                                                
                                                                                
                                    Direct    Direct   Indirect Direct  Indirect
                                                (x)      (xi)                   
                                                                                
   Ordinary    1,775,557 1,775,557 1,925,557 1,925,557          5.131%          
    Shares                                                                      
                                                                                
 GB0004148507                                                                   
                                                                                

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
1,925,557                               5.131%                                 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable (xv):

Co-operative Financial Services Limited is the controlling parent entity of    
Co-operative Insurance Society Limited "CIS"                                   
                                                                               
CIS' direct interest in voting rights: [APPLICABLE]                            
                                                                               
CIS has the following direct interests:                                        
                                                                               
● 1,925,557shares which give rise to 5.131%age of voting rights; and           
                                                                               
● No financial instruments giving rise to an aggregate of 0%age of voting      
rights.                                                                        
                                                                               
CIS' indirect interest in voting rights in respect of PACE assets [NOT         
APPLICABLE]                                                                    
                                                                               
By written agreement, CIS is the appointed investment manager of a portfolio of
pension-scheme assets legally owned by PACE Trustees Limited, and has complete 
discretion (in the absence of specific written instructions) as to the exercise
of the related voting rights. As a result of such investment management        
arrangement, CIS has an indirect interest in respect of the following voting   
rights:                                                                        
                                                                               
● [NUMBER] shares which give rise to [NUMBER & %age of voting rights]; and     
                                                                               
● [NUMBER] financial instruments giving rise to an aggregate of [NUMBER & %age 
of voting rights]].                                                            
                                                                               
CISUM's indirect interest in voting rights in respect of UCITS scheme assets:  
[NOT APPLICABLE]                                                               
                                                                               
CIS is the controlling parent entity of CIS Unit Managers Limited ("CISUM").   
CISUM is the authorised fund manager of seven UCITS schemes, the trustee of    
each of which is State Street Trustees Limited. As a result of such fund       
management arrangement, CISUM has an indirect interest in respect of the       
following voting rights:                                                       
                                                                               
● [NUMBER] shares which give rise to [NUMBER & %age of voting rights; and      
                                                                               
● [NUMBER] financial instruments giving rise to an aggregate of [NUMBER & %age 
of voting rights]].                                                            
                                                                               
All interests in respect of voting rights detailed in this Section 9 are in    
respect of the class/type of shares set out in Section 8A above.               

Proxy Voting:


10. Name of the proxy holder:                                 N/A              
                                                                               
11. Number of voting rights proxy holder will cease to hold:  N/A              
                                                                               
12. Date on which proxy holder will cease to hold voting      N/A              
rights:                                                                        

13. Additional information:                                   N/A              
                                                                               
14. Contact name:                                             N/A              
                                                                               
15. Contact telephone number:                                 N/A