PANTHEON INTERNATIONAL PARTICIPATIONS PLC

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of   PANTHEON INTERNATIONAL
existing shares to which voting rights are attached:    PARTICIPATIONS plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                  x

An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights
are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):




3. Full name of person(s) subject to the
notification obligation:                         British Empire Securities and
                                                 General Trust plc

4. Full name of shareholder(s) (if different     JP Morgan - Chase Nominees
from 3.):                                        Limited a/c CREST BT01C
                                                 (Sub a/c No. 2)

5. Date of the transaction and date on which
the threshold is crossed or reached:             6 March 2014

6. Date on which issuer notified:                7 April 2014

7. Threshold(s) that is/are crossed or
reached:                                         4 %

8. Notified details:

A: Voting rights attached to shares

Class/type of    Situation previous      Resulting situation after the triggering
shares           to the triggering       transaction
                 transaction

if possible      Number      Number        Number      Number of voting         % of  voting
using            of          of            of shares   rights                   rights
the ISIN CODE    Shares      Voting
                             Rights        Direct      Direct     Indirect      Direct   Indirect

Ordinary 67p
shares
GB 0004148507    1,328,153   1,328,153     1,354,153   1,354,153  0             4.00     0


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration    Exercise/        Number of voting        % of voting
instrument         date          Conversion       rights that may be      rights
                                 Period           acquired if the
                                                  instrument is
                                                  exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction

Type of           Exercise   Expiration  Exercise/    Number of        % of voting
financial         price      date        Conversion   voting           rights
instrument                               period       rights
                                                      instrument
                                                      refers to
                                                                       Nominal  Delta


Total (A+B+C)

Number of voting rights              Percentage of voting rights

1,354,153                            4.00

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

JP Morgan - Chase Nominees Limited is custodian for British Empire Securities
and General Trust plc

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:                  Phoenix Administration Services Limited
                                   Company Secretary

15. Contact telephone number:      01245 398984
PANTHEON INTERNATIONAL PARTICIPATIONS PLC - Holding(s) in Company
