Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                

1. Identity of the issuer or the underlying               
issuer of existing shares to which voting rights                                      
are attached:                                           Strategic Equity Capital 

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                    x

An acquisition or disposal of qualifying financial instruments which           
may result in the acquisition of shares already issued to which voting         
rights are attached

An acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments

An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):

3. Full name of person(s) subject to        
the notification obligation:                Arbuthnot Latham (Nominees) Limited

4. Full name of shareholder(s)                                                 
(if different from 3.):

5. Date of the transaction and date                                  
on which the threshold is crossed or                                              
reached:                                    08/10/2013


6. Date on which issuer notified:           14/10/2013
                                                                               
7. Threshold(s) that is/are crossed                 
or reached:                                 3.47%

8. Notified details:                                                               
                                                                                   
A: Voting rights attached to shares 

Class/type     Situation previous    Resulting situation after the triggering        
of             to the triggering     transaction                                     
shares         transaction                                                           
                                                                                   
if possible    Number    Number      Number      Number of voting      % of voting rights 
using          of        of          of shares   rights
the ISIN       Shares    Voting
CODE                     Rights      Direct      Direct     Indirect   Direct    Indirect 
 
GB00B0BDCB21   825,0000  825,0000    2,155,708   2,155,708  0          3.47%     0        

                                                                                   
B: Qualifying Financial Instruments                                                
                                                                                   
Resulting situation after the triggering transaction                               
                                                                                   
Type of financial   Expiration   Exercise/           Number of voting     % of voting    
instrument          date         Conversion Period   rights that may be   rights         
                                                     acquired if the                   
                                                     instrument is                     
                                                     exercised/                        
                                                     converted.                        


                                                                                   
C: Financial Instruments with similar economic effect to Qualifying Financial      
Instruments 

Resulting situation after the triggering transaction                               
                                                                                   
Type of      Exercise   Expiration   Exercise/    Number of voting     % of voting      
financial    price      date         Conversion   rights instrument    rights 
instrument                           period       refers to                             

                                                                       Nominal   Delta 
                                                                                   

Total (A+B+C)                                                                      
                                                                                   
Number of voting rights        Percentage of voting rights

2,155,708                      3.47%

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: 

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy holder will                                  
cease to hold:

12. Date on which proxy holder will cease to hold                              
voting rights:

13. Additional information:                                                    
                                                                               
14. Contact name:                      Dianne Bevan - Head of Investment       
                                       Management Operations                   
                                                                               
15. Contact telephone number:          0044 20 7012 2604