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 attached:       Strategic Equity  
                                                           Capital plc       
                                                                               
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:                                                  FORTELUS CAPITAL     
                                                             MANAGEMENT LLP       
                                                                               
4. Full name of shareholder(s)
(if different from 3.):

5. Date of the transaction and date on
which the threshold is crossed or reached:                   14 February 2014

6. Date on which issuer notified:                            18 February 2014
                                                                               
7. Threshold(s) that is/are crossed or reached:              7%

8. Notified details:

A: Voting rights attached to shares 

Class/type of      Situation previous     Resulting situation after the triggering transaction           
shares             to the triggering
                   transaction            

if possible        Number     Number      Number      Number of voting     % of voting rights 
using the          of         of Voting   of shares   rights              
ISIN CODE          Shares     Rights
                                          Direct      Direct    Indirect   Direct    Indirect      

GB00BOBDCB21       4,259,227  4,259,227   3,909,227   3,909,227            6.56
                                                                               
                                                                               
B: Qualifying Financial Instruments                                            

Resulting situation after the triggering transaction                           
                                                                               
Type of      Expiration  Exercise/     Number of voting                      % of  
financial    date        Conversion    rights that may be acquired if the    voting                
instrument               Period        instrument is exercised/ converted.   rights


C: Financial Instruments with similar economic effect to Qualifying Financial  
Instruments                                                                    

Resulting situation after the triggering transaction                           
                                                                               
Type of     Exercise   Expiration   Exercise/     Number of        % of voting
financial   price      date         Conversion    voting rights    rights
instrument                          period        instrument
                                                  refers to

CFD                                               182,407          Nominal   Delta
                                                                               
                                                                               

Total (A+B+C)                                                                  

Number of voting rights                 Percentage of voting rights

4,091,634 shares held in instruments    6.87% held in instruments with similar
with similar economic effect            economic effect


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

Controlling voting rights are held in name of Fortelus Special Situations
Master Fund Ltd.

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:                                    Andy Low     

15. Contact telephone number:                        0207 389 6153