Transaction in Own Shares

Lupus Capital plc announces that it has today purchased 6,000,000 of
its own ordinary shares in the market at 92.0 pence per share.  These
shares will be held by the Company in Treasury.  This transaction is
a general market purchase and does not fall under the arrangements
for purchases of small shareholdings.

The Company's issued share capital is 137,211,533 ordinary shares of
5 pence, of which 7,347,130 are now held in Treasury.  Following the
above purchase, there are 129,864,403 voting ordinary shares in issue
that are not held in Treasury.

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