Share Buy-Back Programme

The information contained herein is not for release, publication or      
 distribution in or into Australia, Canada, Japan or the United States, or to  
                      any national of such jurisdictions                       

                                 8 April 2011                                  

                         STRATEGIC EQUITY CAPITAL PLC                          

                           Share Buy-Back Programme                            

At the Company's last annual general meeting held on 9 November 2010,
shareholders granted the Company a general buy-back authority of up to 14.99
per cent. of the Company's issued share capital. The Company has appointed
Canaccord Genuity Limited to manage a programme to buy back ordinary shares
within certain pre-set parameters (the "Buy-back Programme"). The Buy-back
Programme will commence today and will end on the date of the Company's 2011
annual general meeting (which is expected to be held in November 2011), or
earlier if the date on which the maximum aggregate consideration has been
reached.

Pursuant to and during the term of the Buy-back Programme, Canaccord Genuity
Limited may purchase ordinary shares from time to time at its absolute
discretion provided that the maximum aggregate consideration that may be paid
for ordinary shares bought back pursuant to the Buy-back Programme will be £
3.5 million.

The Buy-back Programme is also restricted by the parameters of the Company's
general buy-back authority which includes, among others, that the maximum price
paid per ordinary share shall be no more than the 105 per cent. of the average
middle market closing price of the ordinary shares for the five dealing days on
the London Stock Exchange immediately preceding the date of purchase.

As Canaccord Genuity Limited will make its trading decisions pursuant to the
Buy-back Programme independently of, and uninfluenced by, the Company, ordinary
shares may be bought back pursuant to the Buy-back Programme during close
periods.

Any ordinary shares bought back pursuant to the Buy-back Programme will be
cancelled.

The Company confirms that it currently has no unpublished price sensitive
information.

Enquiries

Chris Whittingslow/    Canaccord Genuity Limited               020 7050 6528/ 
Sue Inglis                                                      020 7050 6779 
                                                                              
Adam Steiner           SVG Investment Managers Limited           020 7010 8900

Note

Canaccord Genuity Limited is acting solely for Strategic Equity Capital plc and
no one else in connection with the Buy-back Programme and will not be
responsible to anyone other than Strategic Equity Capital plc for providing the
protections afforded to clients of Canaccord Genuity Limited or for providing
advice in relation to the Buy-back Programme.