Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Strategic Equity Capital Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Initial notification as per regulatory         Yes     
requirements                                                                   

3. Full name of person(s) subject to the notification obligation  Schroders plc
(iii):                                                                         
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):                    
                                                                               
5. Date of the transaction (and date on which the threshold is       Initial   
crossed                                                            disclosure  
or reached if different) (v):                                       under DTR  
                                                                               
6. Date on which issuer notified:                                 20 April 2007
                                                                               
7. Threshold(s) that is/are crossed or reached:                     Above 5%   
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

 Class/type of       Situation       Resulting situation after the triggering  
     shares         previous to                 transaction (vii)              
  if possible     the Triggering                                               
 using the ISIN  transaction (vi)                                              
      CODE                                                                     
                                                                               
                  Number   Number   Number  Number of voting     % of voting   
                    of       of       of       rights (ix)         rights      
                  Shares   Voting   shares                                     
                           Rights                                              
                           (viii)                                              
                                                                               
                                    Direct  Direct  Indirect   Direct  Indirect
                                              (x)     (xi)                     
                                                                               
  GB00B0BDCB21     N/A      N/A      N/A      N/A   4,755,704  6.55%           
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
4,755,704                               6.55%                                  

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

Schroder Investment Management Limited 860,704 1.185%                          
                                                                               
Schroder & Co Limited 2,715,000 3.74%                                          
                                                                               
Schroder (Channel Islands) Limited 1,180,000 1.63%                             

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:                                   The Shares       
                                                              referred to in   
                                                              section 9 are    
                                                              held in          
                                                              portfolios       
                                                              managed by those 
                                                              firms on a       
                                                              discretionary    
                                                              basis for clients
                                                              under investment 
                                                              management       
                                                              agreements.      
                                                                               
14. Contact name:                                                              
                                                                               
15. Contact telephone number:                                                  

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)           Schroders Plc    
                                                                               
Contact address (registered office for legal entities)        31 Gresham       
                                                              Street, London,  
                                                              EC2V 7AQ         
                                                                               
Phone number                                                  020 7658 2521    
                                                                               
Other useful information (at least legal representative for   Andrea Rowe      
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship with                    
the person                                                                     
or legal entity subject to the notification obligation)                        

C: Additional information