Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                               
                                                                                             
                                                                                             
                                                                                             
1. Identity of the issuer or the underlying issuer                                           
of existing shares to which voting rights are                 Strategic Equity Capital PLC  
attached:                                                                                    
                                                                                             
2 Reason for the notification (please tick the appropriate box or boxes):                    
                                                                                             
An acquisition or disposal of voting rights                                          YES     
                                                                                             
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                      1607 Capital Partners, LLC     
notification obligation:                                                                     
                                                                                             
                                                          Bny Mellon               4,156,400 
                                                                                             
4. Full name of shareholder(s)                            Northern Trust           1,086,500 
 (if different from 3.):                                                                     
                                                          State Street     525,200           
                                                                                             
                                                          Bank of New York             46,900
                                                                                             
5. Date of the transaction and date on                                                       
which the threshold is crossed or                                   April, 27, 2010          
reached:                                                                                     
                                                                                             
6. Date on which issuer notified:                                   April 29, 2010           
                                                                                             
7. Threshold(s) that is/are crossed or                                    5%                 
reached:                                                                                     
                                                                                             

8. Notified details:                                                                                            
                                                                                                                
A: Voting rights attached to shares                                                                             
                                                                                                                
Class/type   Situation previous                    Resulting situation after the triggering transaction         
of           to the triggering                                                                                  
shares       transaction                                                                                        
                                                                                                                 
if possible  Number                Number          Number          Number of voting       % of  voting rights   
using        of                    of              of shares       rights                                       
the ISIN     Shares                Voting                                                                       
CODE                               Rights                                                                       
                                                   Direct          Direct       Indirect  Direct  Indirect      
                                                                                                                  
                                                                                                       
GB00B0BDCB21 3,815,000             3,815,000       5,815,000     5,815,000              7.57%                
                                                                                                                
                                                                                                                
                                                                                                                
B: Qualifying Financial Instruments                                                                             
                                                                                                                
Resulting situation after the triggering transaction                                                            
                                                                                                                
Type of financial        Expiration       Exercise/                  Number of voting            % of voting    
instrument               date             Conversion Period          rights that may be          rights         
                                                                     acquired if the                            
                                                                     instrument is                              
                                                                     exercised/ converted.                      
            none                                                                                                  
                                                                                                                
                                                                                                                
                                                                                                                
C: Financial Instruments with similar economic effect to Qualifying Financial                                   
Instruments                                                                                                     
                                                                                                                
Resulting situation after the triggering transaction                                                            
                                                                                                                
Type of       Exercise price       Expiration     Exercise/        Number of voting rights % of voting rights   
financial                          date           Conversion       instrument refers to                         
instrument                                        period                                                        
                                                                                                                
                                                                                             Nominal Delta        
    none                                                                                                        
                                                                                                                
                                                                                                                
                                                                                                                
Total (A+B+C)                                                                                                   
                                                                                                                
Number of voting rights                                  Percentage of voting rights                            
                                                                                                                
Same as A                                                                                                       
    

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