REQUISITIONED GENERAL MEETING

30 September 2009                               

                         STRATEGIC EQUITY CAPITAL PLC                          
                           (THE "COMPANY" OR "SEC")                            

                         REQUISITIONED GENERAL MEETING                         

The Directors announce that the Company has received from Fortelus Special
Situations Master Fund Limited ("Fortelus"), a holder of not less than 5% of
the issued share capital of the Company, a further requisition to convene a
general meeting of the Company, this time for the purpose of considering a
special resolution requiring the Company to undertake a tender offer for up to
all but one of the issued ordinary shares in the capital of the Company, at 95%
of the net asset value per share on the day before the last day for acceptance
of the Tender Offer, and for that tender offer to be completed by 31 March 2010
(the "Further Requisition").

The Directors are disappointed that Fortelus has taken this course of action,
bearing in mind the support which was received from the majority of
shareholders for the acquisition of the investment in Strategic Recovery Fund
II notwithstanding Fortelus's public opposition to that transaction and against
the resolutions to change the Board proposed at the general meeting of the
Company previously requisitioned by Fortelus. The Board offered, on 18
September 2009, to meet with Fortelus and is therefore surprised that Fortelus
has resorted, without discussion with the Board, to the Further Requisition.
Inevitably, the Further Requisition will result in the Company incurring
further expense, to the detriment of shareholder value.

The Companies Act 2006 requires a general meeting to be convened within 21 days
after receipt of a valid requisition and for the requisitioned general meeting
to be held not earlier than 21 days or later than 28 days after it is convened.
A notice convening the requisitioned general meeting will be sent to
shareholders in due course.

Enquiries

Gordon Neilly/Sue Inglis    Intelli Corporate Finance Limited  T: 020 7653 6300

Notes

Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom for the conduct of investment business by the Financial Services
Authority, is acting exclusively as financial adviser to the Company and no-one
else in connection with the matters referred to in this announcement and will
not regard any other person as its client in relation to the matters referred
to in this announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Intelli Corporate
Finance Limited or for providing advice in relation to the matters referred to
in this announcement.