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):                                                Yes     

3. Full name of person(s) subject to the notification obligation     Smith &   
(iii):                                                             Williamson  
                                                                  Holdings Ltd 
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):                    
                                                                               
5. Date of the transaction (and date on which the threshold is         N/A     
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                 15 March 2007
                                                                               
7. Threshold(s) that is/are crossed or reached:                        5%      
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

  Class/type of       Situation      Resulting situation after the triggering  
     shares          previous to                 transaction (vii)             
if possible using  the Triggering                                              
  the ISIN CODE   transaction (vi)                                             
                                                                               
                   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)                    
                                                                               
  GB00BOBDCB21                                       5,057,823  6.96%          
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
5,057,823                               6.96%                                  

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

Royal Bank of Scotland as custodian for Smith & Williamson Fund Administration 
Limited, a subsidiary of Smith & Williamson Investment Management Limited, sub 
of S&H Hldgs Ltd: 2,162,500 shares.                                            
                                                                               
Smith & Williamson Nominees Limited, a subsidiary of Smith & Williamson        
Investment Management Limited, a sub of S&W Hldgs Ltd: 2,551,823.              
                                                                               
J P Morgan Chase Dublin as custodian for BNP Paribas Security Services Ltd as  
administrator for Smith & Williamson Investment Management Limited, sub of S&H 
Hldgs Ltd: 265,000 shares.                                                     
                                                                               
Vidacos Nominees Limited as custodian for Smith & Williamson Investment        
Management, sub of S&W Hldgs: 48,500 shares.                                   
                                                                               
HSBC Investor Services as agent for Smith & Williamson Investment Management,  
sub of S&W Hldgs Ltd: 30,000 shares.                                           

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:                                                              
                                                                               
15. Contact telephone number:                                                  

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 entities)                            
                                                                               
Contact address (registered office for legal entities)                         
                                                                               
Phone number                                                                   
                                                                               
Other useful information (at least legal 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