Holding(s) in Company

Strategic Equity Capital Plc

The Company was today advised that, pursuant to the terms of the merger of The
Alliance Trust PLC and The Second Alliance Trust PLC which was approved by
shareholders of both companies on 10 May 2006 and became
effective today, The Alliance Trust PLC is now interested in 3,500,000
Ordinary shares of the Company, representing 4.82% of the issued class of capital.

The Second Alliance Trust PLC gave The Alliance Trust PLC an unconditional
undertaking on 16 June 2006 to transfer its beneficial interest in the Ordinary
shares of the Company to The Alliance Trust PLC after the effective date of the
merger. In addition The Alliance Trust PLC and The Second Alliance Trust PLC
are no longer party to an arrangement/ agreement to which Section 204 of the
Companies Act 1985 applies.

Accordingly The Second Alliance Trust PLC no longer has a notifiable interest
in the Ordinary share capital of the Company.

21 June 2006