Director Declaration

Lupus Capital PLC
16 January 2004


Further to the announcement earlier today of proposals which include Greg
Hutchings joining the board as executive chairman, the Company confirms the
following in accordance with paragraph 16.4 of the Listing Rules.


Current directorships:                                    Museum of London

Previous directorships in the last five years:            Tomkins plc
                                                          National Theatre


Save as described above there is no other information falling to be disclosed
under paragraph 16.4 of the Listing Rules.

16 January 2004

                      This information is provided by RNS
            The company news service from the London Stock Exchange