PANTHEON INTERNATIONAL PARTICIPATIONS PLC - 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