Holding(s) in Company

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Strategic Equity Capital Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                            Yes     
                                                                               
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):                                                        

3. Full name of person(s) subject to the notification obligation: Midas Capital
                                                                       plc     
                                                                               
4. Full name of shareholder(s) (if different from 3.):            (see Section 
                                                                    9 below)   
                                                                               
5. Date of the transaction (and date on which the threshold is     19 May 2008 
crossed                                                                        
or reached if different):                                                      
                                                                               
6. Date on which issuer notified:                                  20 May 2008 
                                                                               
7. Threshold(s) that is/are crossed or reached:                        10%     
                                                                               
8. Notified details:                                                   N/A     

A: Voting rights attached to shares

 Class/type of  Situation previous    Resulting situation after the triggering  
    shares              to                          transaction                 
  if possible     the Triggering                                                
using the ISIN      transaction                                                 
     CODE                                                                       
                                                                                
                 Number    Number    Number    Number of voting    % of voting  
                   of        of        of           rights           rights     
                 Shares    Voting    shares                                     
                           Rights                                               
                                                                                
                                     Direct    Direct   Indirect Direct Indirect
                                                                                
Ordinary Shares 7,250,000 7,250,000 7,100,000 7,100,000   N/A    9.90%    N/A   
                                                                                
 GB00BOBDCB21                                                                   
                                                                                

B: Financial Instruments

Resulting situation after the triggering transaction

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
7,100,000                               9.90%                                  

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

CF Midas Balanced Income Fund - 4,650,000                                      
                                                                               
(Registered: Bank of New York Nominees A/C 392513)                             
                                                                               
Chartwell Balanced Income - 350,000                                            
                                                                               
(Registered: HSBC Global Custody Nominee (UK) Ltd A/C 630426)                  
                                                                               
CF iimia Accelerated Fund - 600,000                                            
                                                                               
(Registered: Bank of New York Nominees Ltd A/C 391998)                         
                                                                               
iimia Investment Trust - 1,500,000                                             
                                                                               
(Registered: Bank of New York Nominees Ltd A/C 178055)                         

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:                                   iimia plc, Milton
                                                              Asset Management 
                                                              Ltd and Midas    
                                                              Capital Partners 
                                                              Ltd are all      
                                                              subsidiaries of  
                                                              Midas Capital plc
                                                                               
14. Contact name:                                             Helen Craig      
                                                                               
15. Contact telephone number:                                 01392 475972