Execution of a New Bank Loan Facility

18th November 2014 PANTHEON INTERNATIONAL PARTICIPATIONS PLC EXECUTION OF A NEW BANK LOAN FACILITY AGREEMENT Pantheon International Participations PLC ("PIP" or "the Company") today announces that it has renewed its 4-year multi-currency revolving credit facility agreement ("Loan Facility") with improved terms and a revised maturity date of November 2018. Amendment of Loan Facility The size of the new Loan Facility, arranged by the Royal Bank of Scotland plc, remains unchanged at £100m equivalent which, using current exchange rates, has been redenominated to US$100m and €46m. The new Loan Facility also contains an accordion feature that would allow the total facility to expand by a further £50m, subject to the Company obtaining additional commitments to the accordion facility and complying with financial covenants. PIP's mature portfolio, with a weighted average fund age of approximately 7.8 years, is in a cash generative phase. The Company expects to finance its investments and to meet its unfunded commitments principally from internally generated cash resources. As at 30th September 2014, PIP had cash balances of £96m. Therefore, based on current exchange rates, PIP's total available liquid financial resources, taking into account the terms of the new Loan Facility and 30th September cash balances, are equivalent to £196m. The new loan facility gives additional reassurance that the Company has the ability to finance its unfunded commitments in the future. ENDS NOTES PIP PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP ("Pantheon"), a leading global private 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.
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