Transaction in Own Shares

Strategic Equity Capital Plc

The Company announces that it purchased on 9 May 2008 75,000 Ordinary 1p shares
for treasury at a price of 70p per share.

Following this transaction the number of Ordinary shares in issue remains
72,626,000, of which 882,500 are now held in treasury.

The number of Ordinary shares for the purpose of total voting rights is
71,743,500.

12 May 2008