Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                                              
                                                                                                             
1. Identity of the issuer or the underlying issuer                                                           
of existing shares to which voting rights are         Strategic Equity Capital PLC                           
attached: ii                                                                                                 
                                                                                                             
2. Reason for the notification (please tick the appropriate box or boxes):                                   
                                                                                                             
An acquisition or disposal of voting rights                                                                  
                                                                                                             
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                                            X                
                                                                                                             
Other (please                                                                                                
specify):                                                                                                    
                                                                                                             
3. Full name of person(s) subject to the        RIT Capital Partners plc                                     
notification obligation: iii                                                                                 
                                                                                                             
4. Full name of shareholder(s)                  Harewood Nominees Ltd, account 4166440                       
 (if different from 3.):iv                                                                                   
                                                                                                             
5. Date of the transaction and date on          29 May 2015                                                  
which the threshold is crossed or                                                                            
reached: v                                                                                                   
                                                                                                             
6. Date on which issuer notified:               1 June 2015                                                  
                                                                                                             
7. Threshold(s) that is/are crossed or          16%                                                          
reached: vi, vii                                                                                             
                                                                                                             
8. Notified details:                                                                                         
                                                                                                             
A: Voting rights attached to shares viii, ix                                                                 
                                                                                                             
Class/type of   Situation previous        Resulting situation after the triggering transaction               
shares          to the triggering                                                                            
                transaction                                                                                  
if possible                                                                                                  
using           Number        Number      Number      Number of voting       % of  voting rights x           
the ISIN CODE   of            of          of shares   rights                                                 
                Shares        Voting                                                                         
                              Rights      Direct      Direct xi   Indirect   Direct      Indirect            
                                                                  xii                                        
                                                                                                             
GB00B0BDCB21    9,818,227     9,818,227   9,818,227   9,818,227   0          15.81       0                   
                                                                                                             
B: Qualifying Financial Instruments                                                                          
                                                                                                             
Resulting situation after the triggering transaction                                                         
                                                                                                             
Type of financial         Expiration Exercise/                Number of voting           % of voting             
instrument                       Conversion Period xiv    rights that may be         rights                  
                          date                            acquired if the                                    
                          xiii                            instrument is                                      
                                                          exercised/ converted.                              
                                                                                                             
C: Financial Instruments with similar economic effect to Qualifying Financial                                
Instruments xv, xvi                                                                                          
                                                                                                             
Resulting situation after the triggering transaction                                                         
                                                                                                             
Type of financial  Exercise   Expiration Exercise/      Number of voting rights    % of voting rights          
instrument         price      date     Conversion     instrument refers to       xix, xx                     
                              xvii     period xviii                                                          
                                                                                                             
                                                                                 Nominal         Delta       
                                                                                                             
Total (A+B+C)                                                                                                
                                                                                                             
Number of voting rights             Percentage of voting rights                                              
                                                                                                             
9,818,227                           15.81%                                                                   
                                                                                                             
9. Chain of controlled undertakings through which the voting rights and/or the                               
financial instruments are effectively held, if applicable: xxi                                               
                                                                                                             
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:                        Notification arises from allotment of ordinary            
                                                   shares by issuer.                                         
                                                                                                             
14. Contact name:                                  Christopher Wise                                          
                                                                                                             
15. Contact telephone number:                      020 7514 1944