Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

STRATEGIC EQUITY CAPITAL PLC

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Transitional notification of major             Yes     
holdings                                                                       

3. Full name of person(s) subject to the notification obligation   Advance UK  
(iii):                                                              Trust Plc  
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):         Nortrust   
                                                                  Nominees Ltd 
                                                                               
5. Date of the transaction (and date on which the threshold is                 
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                  22 February 
                                                                      2007     
                                                                               
7. Threshold(s) that is/are crossed or reached:                        3%      
                                                                               
8. Notified details:                                                           
                                                                               

A: Voting rights attached to shares

Class/type of  Situation previous    Resulting situation after the triggering  
    shares             to                       transaction (vii)              
 if possible     the Triggering                                                
using the ISIN  transaction (vi)                                               
     CODE                                                                      
                                                                               
                Number    Number    Number    Number of voting    % of voting  
                  of        of        of        rights (ix)         rights     
                Shares    Voting    shares                                     
                          Rights                                               
                          (viii)                                               
                                                                               
                                    Direct    Direct   Indirect Direct Indirect
                                                (x)      (xi)                  
                                                                               
 GB00B0BDCB21  2,500,000 2,500,000 2,500,000 2,500,000           3.44          
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration  Exercise/Conversion    Number of voting      % of   
  financial   date (xiii)  Period/ Date (xiv)    rights that may be    voting  
 instrument                                       acquired if the      rights  
                                                     instrument                
                                               is exercised/converted          
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
2,500,000                               3.44                                   

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



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:         Progressive European Markets Ltd is        
                                    investment manager to Advance UK Trust Plc 
                                                                               
14. Contact name:                   Mr A Lee, Cavendish Administration Ltd     
                                    (Company Secretary)                        
                                                                               
15. Contact telephone number:       020 7490 4355                              

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject                              
to the notification obligation                                                 
                                                                               
Full name (including legal form for legal         Advance UK Trust Plc         
entities)                                                                      
                                                                               
Contact address (registered office for legal      145-157 St John Street,      
entities)                                         London EC1V 4RU              
                                                                               
Phone number                                      020 7490 4355                
                                                                               
Other useful information (at least legal          Company Secretary            
representative for legal persons)                                              
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional                                      
relationship with the person                                                   
or legal entity subject to the notification                                    
obligation)                                                                    

C: Additional information