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                                                   21 March 2014         
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                                                   24 March 2014         
                                                                                        
7. Threshold(s) that is/are crossed or                                                
reached:                                                                            4%      
                                                                                        
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     
                                                                                                              
                                                                                                              
GB00BOBDCB21     2,434,227              2,434,227   2,134,227           2,134,227                        3.58%    
                                                                                                              
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.                    
                                                                                                              


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      
financial                           date       Conversion period    instrument refers to     rights           
instrument                                                                                                    
                                                                                                              
                                                                                                              
     CFD                                                            182,407                  Nominal Delta       
                                                                                                           
                                                                                                              
Total (A+B+C)                                                                                                 
                                                                                                              
Number of voting rights                                  Percentage of voting rights                          
                                                                                                              
2,316,634 shares held in instruments with similar        3.89% held in instruments with similar economic      
economic effect                                          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