Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
1. Identity of the issuer or the underlying issuer                  Strategic Equity   
of existing shares to which voting rights are                            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
notification obligation:                                  1607 Capital Partners, LLC

                                                                                        
4. Full name of shareholder(s)                     Bny Mellon              3,178,117
(if different from 3.):
                                                   Northern Trust          3,868,273

                                                   State Street            1,368,481


5. Date of the transaction and date on                                                  
which the threshold is crossed or                                June 4, 2013           
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                                June 7, 2013           
                                                                                        
7. Threshold(s) that is/are crossed or
reached:                                                             13%

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       rights                                     
the ISIN      Shares     Voting      shares                                              
CODE                     Rights                                                           
                                     Direct   Direct  Indirect     Direct   Indirect

GB00B0BDCB21  8,164,871  8,164,871                    8,414,871             13.02%
                                                                                               
B: Qualifying Financial Instruments                                                            
                                                                                               
Resulting situation after the triggering transaction                                           
                                                                                               
Type of      Expiration  Exercise/            Number of voting       % of voting   
financial    date        Conversion Period    rights that may be     rights        
instrument                                    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:

     
A: Identity of the persons or legal entity subject to the notification                  
obligation                                                                              
                                                                                        
Full name                                                                               
(including legal form of legal entities)                  1607 Capital Partners, LLC                     
                                                                                        
Contact address                                           4991 Lake Brook Dr., Suite 125      
(registered office for legal entities)                    Glen Allen, VA, USA 23060     

Phone number & email                                      804-525-1741            
                                                          [e-mail]

Other useful information                                                                
(at least legal representative for legal persons)                                       
                                                                                        
B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                                 Bryan Huntley           

Contact address                                           Same as above           

Phone number & email                                      Same as above           

Other useful information                                                                
(e.g. functional relationship with the person or 
legal entity subject to the notification obligation)      Chief Compliance Officer
                                                                                        
C: Additional information