Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached (ii):
Lupus Capital plc

2. Reason for the notification (please state Yes/No): (    )

An acquisition or disposal of voting rights: (Yes)

An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights
are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify) : (initial notification of shareholding)

3. Full name of person(s) subject to the notification obligation
(iii):
  Mr G Hutchings

4. Full name of shareholder(s) (if different from 3.) (iv):

Mr G Hutchings
Alliance Trust Pensions
Lupus Employee Share Ownership Trust

5. Date of the transaction (and date on which the threshold is
crossed or reached if different) (v):
27 August 2009

6. Date on which issuer notified:
1 September 2009

7. Threshold(s) that is/are crossed or reached:
10%

8. Notified details:
None

A: Voting rights attached to shares


Class/type of shares if possible using     Situation previous to the
the ISIN CODE                             Triggering transaction (vi)
GB0002424041                              Number of   Number of
                                          shares      voting Rights
                                                      (viii)
                                          4,962,947
                                                      10,108,873




Resulting situation after the triggering transaction (vii)


Class/type of       Number of Number of voting rights % of voting
shares if possible  shares    (ix)                    rights
using the ISIN CODE
Ordinary            Direct    Direct (x)   Indirect   Direct Indirect
                                           (xi)
                    8,785,466 8,785,466               6.77   3.96
                                           5,145,926



B: Financial Instruments
Resulting situation after the triggering transaction (xii)


Type of    Expiration  Exercise/Conversion Number of voting    % of
financial  Date (xiii) Period/ Date (xiv)  rights that may be  voting
instrument                                 acquired if the     rights
                                           instrument is
                                           exercised/
                                           converted.
N/A



Total (A+B)

Number of voting rights % of voting rights

13,931,392              10.73



9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable
(xv):

See 4 above

Proxy Voting:

10. Name of the proxy holder:
N/A

11. Number of voting rights proxy holder will cease to hold:
N/A

12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
None

14. Contact name:
Mr G Hutchings

15. Contact telephone number:


Annex to Notification Of Major Interests In Shares (xvi)

A: Identity of the person or legal entity subject to the notification
obligation

Full name (including legal form for legal entities):
Lupus Capital plc

Contact address (registered office for legal entities):
145-157 St John Street, London EC1V 4RU

Phone number:
0207 490 4355

Other useful information (at least legal representative for legal
persons):
None

B: Identity of the notifier, if applicable (xvii)

Full name:
J L  Luetchford

Contact address:
145-157 St John Street, London EC1V 4RU

Phone number:
0207 490 4355

Other useful information (e.g. functional relationship with the
person or legal entity subject to the notification obligation):
Secretary

C: Additional information :
None

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