Result of EGM

14 August 2009                                 

                         STRATEGIC EQUITY CAPITAL PLC                          
                           (THE "COMPANY" OR "SEC")                            

                           RESULT OF GENERAL MEETING                           

                                      AND                                      

              FURTHER STATEMENT RE. REQUISITIONED GENERAL MEETING              

Result of General Meeting Held on 14 August 2009

The Directors are pleased to announce that, at the general meeting of the
Company held earlier today, the resolution approving the Company's proposed
acquisition of 3i Group plc's limited partnership interest in Strategic
Recovery Fund II (the "SRF II Acquisition") and the Company's restated
investment policy was passed. Shareholders representing 85.6% of the Company's
voting share capital, voted on the resolution, with 35 shareholders voting in
favour of the resolution and only two shareholders voting against. The vote on
the resolution was taken on a poll, the result of which was as follows:

                                                         For           Against
                                                                              
No. of shares voted                               43,061,072        16,485,000
                                                                              
No. of shares voted as % of shares voted               72.3%             27.7%
                                                                              
No. of shares voted as % of voting share               61.9%             23.7%
capital                                                                       

The SRF II Acquisition is expected to complete on Thursday, 20 August 2009.

Requisitioned General Meeting

The Board announced on 7 August 2009 that the Directors had received a
requisition from Fortelus Special Situations Master Fund Limited ("Fortelus"),
which holds 14.0% of the Company's current voting share capital. That
requisition requires the Directors to convene a general meeting of the Company
to consider resolutions to remove three of the four current Directors and to
appoint two new Directors.

The Board subsequently announced on 10 August 2009 that the Directors had
received a further requisition from Fortelus. That requisition required the
Directors to send to shareholders a member's statement setting out Fortelus's
objections to the SRF II Acquisition, which was duly done on 10 August 2009.

In view of the strong support from shareholders for the SRF II Acquisition as
evidenced by the outcome of the voting referred to above, the Directors call on
Fortelus to withdraw its requisition relating to the resolutions to change the
Board. Fortelus's actions are a distraction and the Company will have to incur
further costs in opposing Fortelus's requisition and convening another general
meeting.

Enquiries

John Hodson/                Strategic Equity Capital plc       M: 07770 394 098
Mike Phillips                                                  M: 07973 141 998
                                                                               
Gordon Neilly/Sue Inglis    Intelli Corporate Finance Limited  T: 020 7653 6300

Notes

Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom for the conduct of investment business by the Financial Services
Authority, is acting exclusively as financial adviser to the Company and no-one
else in connection with the SRF II Acquisition and will not regard any other
person as its client in relation to the SRF II Acquisition and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Intelli Corporate Finance Limited their customers or for
providing advice in relation to the SRF II Acquisition or any other matter
referred to in this announcement.