Director Shareholding

Lupus Capital PLC
13 June 2001



TO: CITY EDITORS      13th June, 2001

FOR IMMEDIATE RELEASE


                              LUPUS CAPITAL PLC

                            Directors Notification



The Company has today been notified that Charles Ryder and James Orr, both
Directors of the Company have each today acquired 85,000 at 8.00p per share.
Following this purchase both their resultant holdings are 1,380,408 Ordinary
shares representing 0.8128% of the Company's issued share capital.