Transaction in Own Shares

Strategic Equity Capital Plc

The Company announces that it purchased on 11 July 2008 422,000 Ordinary 10p
shares for treasury at a price of 59p per share.

Following this transaction the number of Ordinary shares in issue remains
72,626,000, of which 2,404,500 are now held in treasury.

The number of Ordinary shares for the purpose of total voting rights is
70,221,500.

14 July 2008