Compliance with Model Code

PANTHEON INTERNATIONAL PARTICIPATIONS PLC(the "Company") Statement re Compliance with the Model Code Pursuant to Listing Rule 15.5.1(4) the Company announces that it is satisfiedthat all inside information which the Directors and the Company may have to thedate of this announcement has previously been notified to a regulatoryinformation service and, therefore, the dealings referred to in LR 15.5.1(3)are permitted. Enquiries: Andrew Lebus or Alexis BarlingPantheon Ventures (UK) LLP020 7484 6200