Annual Information Update

Strategic Equity Capital PLC

Annual Information Update

In accordance with Prospectus Rule 5.2 the Company reports upon information
that it has published or made available to the public over the 12 month period
ended November 2005.

At the date of filing of this Annual Information Update some of the information
included in the following lists may be out of date.

Company Announcements

The Company has made the following announcements through PR Newswire, its
appointed RIS.

Date          Announcement                                          
                                                                    
16 Oct, 2006  Annual Report and Accounts                            
                                                                    
03 Oct, 2006  Portfolio Update                                      
                                                                    
              Holding(s) in Company                                 
                                                                    
27 Sep, 2006  Holding(s) in Company                                 
                                                                    
              Holding(s) in Company                                 
                                                                    
08 Sep, 2006  Final Results                                         
                                                                    
06 Sep, 2006  Directorate Change                                    
                                                                    
11 Aug, 2006  Holding(s) in Company                                 
                                                                    
04 Jul, 2006  Portfolio Update                                      
                                                                    
              Holding(s) in Company                                 
                                                                    
21 Jun, 2006  Holding(s) in Company                                 
                                                                    
20 Jun, 2006  Holding(s) in Company                                 
                                                                    
10 May, 2006  Holding(s) in Company                                 
                                                                    
04 Apr, 2006  Portfolio Update                                      
                                                                    
27 Jan, 2006  Interim Results                                       
                                                                    
26 Jan, 2006  Result of EGM                                         
                                                                    
04 Jan, 2006  Portfolio Update                                      
                                                                    
08 Dec, 2005  Investment Policy                                     
                                                                    
01 Nov, 2005  Allotment of Ordinary Shares                          
                                                                    
04 Oct, 2005  Portfolio Update                                      
                                                                    
15 Sep, 2005  Reduction of Capital                                  
                                                                    
21 Jul, 2005  Director/PDMR Shareholding                            
                                                                    
19 Jul, 2005  Issue of Equity                                       
                                                                    
14 Jul, 2005  Doc re. Prospectus                                    

The Company also makes the following announcements on a regular basis through
PR Newswire, its appointed RIS, and are not included in this update:

Net Asset Values released weekly.

In accordance with LR 15.4.11 (2), within two business days of the end of each
quarter, a list of all investments with a value greater than 5% of the
company's total assets and at least the 10 largest investments as at the last
business day of that quarter.

Filing at Companies House

During the period the following documents were filed at Companies House:

   Company Form        Date      Description                           
                                                                       
       363s         04/07/2006   ANNUAL REPORT                         
                                                                       
        AA          20/02/2006   FULL ACCOUNTS MADE UP TO 19/07/05     
                                                                       
      CERT19        15/09/2005   REDUCTION OF SHARE PREMIUM            
                                                                       
        OC          15/09/2005   REDUCTION OF SHARE PREMIUM ACT        
                                                                       
       225          10/08/2005   ACC. REF. DATE SHORTENED FROM 19/07/  
                                 06 TO 30/06/06                        
                                                                       
       225          09/08/2005   ACC. REF. DATE SHORTENED FROM 31/05/  
                                 06 TO 19/07/05                        
                                                                       
       288a         22/07/2005   DIRECTOR APPOINTED                    
                                                                       
       288a         22/07/2005   DIRECTOR APPOINTED                    
                                                                       
       353a         21/07/2005   LOCATION OF REGISTER OF MEMBERS       
                                                                       
      266(1)        21/07/2005   NOTICE OF INTENTION TO TRADE AS AN    
                                 INVESTMENT CO.                        
                                                                       
       287          20/07/2005   REGISTERED OFFICE CHANGED             
                                                                       
       288b         20/07/2005   SECRETARY RESIGNED                    
                                                                       
       288a         20/07/2005   SECRETARY APPOINTED                   
                                                                       
       288a         19/07/2005   DIRECTOR APPOINTED                    
                                                                       
       288a         15/07/2005   DIRECTOR APPOINTED                    
                                                                       
       288b         13/07/2005   DIRECTOR RESIGNED                     
                                                                       
       288b         13/07/2005   DIRECTOR RESIGNED                     
                                                                       
     MEM/ARTS       18/08/2005   MEMORANDUM OF ASSOCIATION             

UK Listing Authority's Document Viewing Facility

During the period the following documents were published through the UK Listing
Authority's Document Viewing Facility:

Date                Document         Description                               
                                                                               
21 February 2006    Interim Report   Interim Report and Accounts 2005          
                                                                               
31 January 2006     Initial Accounts Initial Accounts for the period ended 19  
                                     July 2005                                 

Inspection of Documents

The Company publishes the following documents on it's website at 
www.strategicequitycapital.com:

Annual Report

Interim Report

Copies of certain documents that are required to be lodged at the FSA in
accordance with the Listing Rules, Prospectus Rules and Disclosure Rules are
available for inspection at the following address:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel [phone]

Copies of announcements other than NAV announcements may be viewed at the
following link http://moneyworld.uk-wire.com. Please note that this site is not
the responsibility of the Company.

Copies of documents filed at Companies House are available at Registrar of
Companies, Companies House, Crown Way, CARDIFF CF14 3UZ tel [phone].
They may also be downloaded from its website at 
www.direct.companieshouse.gov.uk

Copies of any of the above items may be obtained free of charge from the office
of the Company Secretary at the registered office address:

Capita Sinclair Henderson Limited
Beaufort House
51 New North Road
Exeter
EX4 4EP