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 plc

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

An acquisition or disposal of voting rights                                         Yes

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:                   FORTELUS CAPITAL MANAGEMENT LLP

4. Full name of shareholder(s)                                                          
 (if different from 3.):                                                                
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                                   04 April 2014         
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                                                   07 April 2014         
                                                                                        
7. Threshold(s) that is/are crossed or                                                
reached:                                                                            3%      
                                                                                        
8. Notified details:                                                                                          
                                                                                                              
A: Voting rights attached to shares                                                                           
                                                                                                              
Class/type       Situation previous        Resulting situation after the triggering transaction
of               to the triggering
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

GB00BOBDCB21     1,759,227    1,759,227    1,393,900     1,393,900           2.34
B: Qualifying Financial Instruments 

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

CFD                                                                172,734                    Nominal   Delta


Total (A+B+C)

Number of voting rights                                  Percentage of voting rights

1,566,634 shares held in instruments with similar        2.63% held in instruments with similar economic
economic effect                                          effect


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

Controlling voting rights are held in name of Fortelus Special Situations Master Fund Ltd.

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:                                  Andy Low

15. Contact telephone number:                      0207 389 6153