Holding(s) in Company

Lupus Capital PLC 20 May 2003 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Lupus Capital plc 2) Name of shareholder having a major interest Northern Ireland Local Government Officers Superannuation Committee 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 The shareholder named in 2 above 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them Chase Nominees Limited. 5) Number of shares/amount of stock acquired - 6) Percentage of issued class - 7) Number of shares/amount of stock disposed 1,316,666 8) Percentage of issued class 0.77% 9) Class of security Ordinary shares of 0.5p 10) Date of transaction 13 May 2003 11) Date company informed 16 May 2003 (confirmed 20 May) 12) Total holding following this notification 4,000,000 13) Total percentage holding of issued class following this notification 2.35% 14) Any additional information - 15) Name of contact and telephone number for queries J.L. Luetchford 0207-490-4355 16) Name of authorised company official responsible for making this notification J.L. Luetchford Date of notification 20 May 2003 This information is provided by RNS The company news service from the London Stock Exchange

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