Appointment of AIFM and Depositary

Pantheon International Participations plc NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD") Pantheon International Participations plc (the "Company") announces that with effect from 22 July 2014, the Company entered into the arrangements necessary to ensure compliance with the AIFMD. Following a review of the Company's arrangements, the Company's Board of Directors (the "Board") has approved the appointment of Pantheon Ventures (UK) LLP ("Pantheon"), as the Company's Alternative Investment Fund Manager ("AIFM") on the terms of and subject to the conditions of a new investment management agreement between the Company and Pantheon, replacing the existing investment management agreement which has accordingly been terminated. The arrangements in respect of the management fee and notice period remain materially unchanged. Pantheon has been approved as an AIFM by the UK's Financial Conduct Authority. The Board has also appointed BNP Paribas (the "Depositary") to act as the Company's Depositary (as required by the AIFMD) on the terms and subject to the conditions of a Depositary agreement entered into between the Company, the AIFM and the Depositary. BNP Paribas have also been appointed as Custodian. For enquiries please contact: Andrew Lebus or Alexis Barling Pantheon Ventures (UK) LLP 020 7484 6200
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