Holding(s) in Company

For filings with the FCA include the annex                                              
For filings with issuer exclude the annex                                               
                                                                                        
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                                               X
                                                                                        
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                                Schroders plc   
notification obligation:                                                             
                                                                                        
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:                                                                   19.12.14             
                                                                                        
6. Date on which issuer notified:                                       
                                                                           22.12.14          
7. Threshold(s) that is/are crossed or                                       
reached:                                                                   Below 5%   
                                                                                        

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               
using   of     of             of          of shares   rights                    rights x                   
the ISIN       Shares         Voting                                                                      
CODE                          Rights      Direct      Direct       Indirect     Direct      Indirect       
                                                                                                
                                                                                                        
 Ordinary                                                                                              
                                                                                                        
GB00B0BDCB21   6,673,860      6,673,860   2,775,326   N/A          2,775,326    N/A         4.863%       
                                                                                                        
                                                                                                      
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      Expiration Exercise/    Number of voting rights      % of voting              
financial     price         date       Conversion   instrument refers to         rights           
instrument                             period                                                           
                                                                                                   
                                                                                                        
                                                                                 Nominal      Delta       
                                                                                                        

                                                                                                      
Total (A+B+C)                                                                                           
                                                                                                        
Number of voting rights                  Percentage of voting rights                                    
                                                                                                        
      2,775,326                                      4.863%                                 
                                                                                                        

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                         
                                                                                        
                                                                                        
                                                                                        
Schroder & Co. Limited                    2,775,326        4.863% 
                              
                                                        
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:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                The shares referred to in section 9 are held in portfolios
13. Additional information:     managed by those firms on a discretionary basis for       
                                clients under investment management agreements. This      
                                disclosure has been calculated based on issue share       
                                capital amount 57,066,291.                                
                                                                                        
14. Contact name:                                    Chloe Talbot                       
                                                                                        
15. Contact telephone number:                      [phone]