Monthly Performance Update

24th October 2014

                   Pantheon International Participations PLC                   

                   Performance update at 30th September 2014                   

Pantheon International Participations PLC ("PIP") announces an unaudited net
asset value ("NAV") per share at 30th September 2014 of 1,470.6p, an increase
of 27.6p (1.9%) from the NAV per share as at 31st August 2014. The increase was
driven by portfolio valuation gains (5.8p, 0.4%), investment income (2.8p,
0.2%) and foreign exchange gains (20.7p, 1.4%). Expenses and taxes* reduced the
NAV per share by -1.7p (-0.1%).

PIP's valuation policy for private equity funds is based on the latest
valuations reported by the managers of the funds in which PIP has holdings. In
the case of PIP's valuation at 30th September 2014, the majority of reported
valuations (accounting for circa 94% by value) are dated 30th June 2014.

At 30th September 2014, PIP's private equity assets stood at £873m, whilst cash
balances were £96m. Undrawn commitments to investments stood at £214m at 30th
September 2014, calculated using exchange rates at that date. In addition, the
Company's multi-currency revolving credit facility agreement, comprising a
US$82m facility and a €57m facility, remained completely undrawn.

PIP's portfolio generated net cash of £18.7m during the month, with
distributions of £22.5m relative to £3.8m of calls from existing commitments to
private equity funds.

Investments completed during the month include a £9.9m primary commitment to
Hellman & Friedman Capital Partners VIII and a £5.5m primary commitment to
Wasserstein Partners III, both US buyout funds. In addition, PIP completed
three co-investments totalling £4.4m in new commitments.

* Withholding taxes on investment distributions.

Monthly Report

The September monthly newsletter can be accessed on PIP's website at 
www.pipplc.com in the Investor Relations section under the heading "Reports &
Newsletters", or by following this link: 
http://www.pipplc.com/investor-relations/financial-reports.

                                     Ends                                      

NOTES

PIP

PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP
("Pantheon"), a leading global private equity fund investor, investing in both
primary funds and secondary transactions, and from time to time capitalising
further on its fund investment activities by acquiring direct holdings in
unquoted companies, usually either where a vendor is seeking to sell a combined
portfolio of fund interests and direct holdings or where there is a private
equity manager, well known to Pantheon, investing on substantially the same
terms. With investments in private equity funds, covering multiple private
equity strategies ranging from investments in late stage buyouts to early stage
technology, PIP enables individuals as well as institutions to gain access to a
substantial portfolio of unquoted companies in the USA, the UK, Continental
Europe and Asia, within funds managed by experienced private equity managers.

Pantheon

Pantheon is a leading global private equity fund investor that invests on
behalf of over 400 institutional investors. Established over 30 years ago,
Pantheon has developed a strong reputation and track record in primary,
secondary and co-investments and across all stages and geographies. Pantheon
has £18.3 billion in AUM** (as at 31st March 2014), 195 employees, including
over 70 investment professionals, located across offices in London, San
Francisco, New York, Hong Kong, Seoul and Bogotá.

** This figure includes assets subject to discretionary or non-discretionary
management, advice or those limited to a reporting function.

For more information please visit PIP's website at www.pipplc.com or contact:

Andrew Lebus or Alexis Barling
Pantheon
020 7484 6200

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of this announcement.

                                                                               

                   Pantheon International              Telephone [phone]    
                   Participations PLC                  Facsimile [phone]               
                   Norfolk House                       E-mail: [e-mail]                        
                   31 St. James's Square               Internet: www.pipplc.com                    
                   London SW1Y 4JR                          
                                                       

Registered office: Beaufort House, 51 New North Road, Exeter, Devon EX4 4EP. 
Incorporated in England number: 2147984.                                     
                                                                             
An investment company under section 833 of the Companies Act 2006. Managed by
Pantheon Ventures (UK) LLP.