Director/PDMR Shareholding

Lupus Capital Director/PDMR Shareholding
Lupus Capital plc (the "Company") today received notice that
12,156,157 ordinary shares in the Company (the "Transferring Shares")
held by The Lupus Employee Share Ownership Trust (the "LESOT") have
today been transferred to Alliance Trust Pension Limited as trustee
of the "Alliance Trust Personal Pension Plan - G F Hutchings"
("Alliance") (the "Transfer").
The LESOT had given an undertaking to HSBC Bank plc ("HSBC") not to
sell any of its shares in the Company until 26 September 2007.  HSBC
has consented to the Transfer and Alliance has entered into a
substantially identical undertaking.
Greg Hutchings, Chairman of the Company, is now the beneficial owner
of the Transferring Shares.   Following the Transfer, Mr Hutching's
interest in the share capital of the Company has increased to
49,629,489 ordinary shares (3.62% of the existing issued share
capital of the Company).



The Transfer was effected at a price of 18.25p per share.

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