Director/PDMR Shareholding

STRATEGIC EQUITY CAPITAL PLC

NOTIFICATION OF TRANSACTIONS BY DIRECTORS

In connection with the recent issue of 70.4 million ordinary shares of 10p each
(the 'Shares') in Strategic Equity Capital plc (the 'Company'), the Directors
notified the Company on 20 July 2005 (pursuant to Disclosure Rule 3.1.4R and
section 324 of the Companies Act 1985) that on 19 July 2005 they acquired the
following beneficial interests in the Shares at the issue price of 100p per
Share:

Director                        Number of     % of issued
                                   Shares          Shares
                                                         
John Hodson                        50,000             0.1
                                                         
Sir Clive Thompson              3,000,000             4.3
                                                         
Jonathan Morgan                   100,000             0.1
                                                         
Stewart Binnie                     70,000             0.1

For further information, please contact:

Alice Todhunter

SVG Advisers

Tel. [phone]

Michael Buckley

Company Secretary

Sinclair Henderson Limited

Tel. [phone]

David Benda / Nathan Brown

Close Brothers Securities

Tel. [phone] / 5572

Note: Close Brothers Securities, a division of Winterflood Securities Limited
which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting for Strategic Equity Capital plc in relation to
the issue of Shares and for no other person and will not be responsible to any
other person other than these companies for providing the protections offered
to customers of Close Brothers Securities or for providing advice in relation
to the issue.

21 July 2005