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



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