Director/PDMR Shareholding

Lupus Capital plc confirms that the following purchase of ordinary
shares in the Company were made by directors in the Placing and Open
Offer on 19 April 2007:

Mr Hutchings purchased 10,706,666 shares and now holds 37,473,332
shares (2.73% of the enlarged share capital)

Mr Mulhall purchased 1,900,000 shares and now holds 6,650,000 shares
(0.48% of the enlarged share capital).

Mr Tate purchased 80,000 shares and now holds 676,417 shares (0.049%
of the enlarged share capital).

All these transactions were effected at the price of 18p per share.

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