Result of General Meeting

10 November 2009                                

                         STRATEGIC EQUITY CAPITAL PLC                          
                                (THE "COMPANY")                                

                RESULT OF SECOND REQUISITIONED GENERAL MEETING                 

The Directors are pleased to announce that, at the general meeting of the
Company held earlier today, the resolution requiring the Company to undertake a
tender offer for up to all but one of the issued ordinary shares in the capital
of the Company at 95% of the net asset value per share was NOT PASSED, with 73
per cent. of the votes cast by proxy, representing 63 per cent. of the
Company's voting share capital, cast AGAINST THE RESOLUTION.

Enquiries

John Hodson/                Strategic Equity Capital plc       M: 07770 394 098
Mike Phillips                                                  M: 07973 141 998
                                                                               
Gordon Neilly/Sue Inglis    Canaccord Adams Limited            T: 020 7050 6500

Notes

Canaccord Adams 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 matters referred to in this announcement and will
not regard any other person as its client in relation to the matters referred
to in this announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Canaccord Adams
Limited or for providing advice in relation to the matters referred to in this
announcement.