Holding(s) in Company

Lupus Capital PLC
19 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)   Name of company
Lupus Capital plc


2) Name of shareholder having a major interest
Oryx International Growth Fund


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
The shareholder named in 2 above


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
HSBC Global Custody Nominee (UK) Limited.

5) Number of shares/amount of stock acquired
-


6) Percentage of issued class
-


7) Number of shares/amount of stock disposed
10,000,000


8) Percentage of issued class
5.78%


9) Class of security
Ordinary shares of 0.5p


10) Date of transaction
16 January 2004


11) Date company informed
19 January 2004


12) Total holding following this notification
-


13) Total percentage holding of issued class following this notification
-


14) Any additional information
-


15) Name of contact and telephone number for queries

J.L. Luetchford  0207-490-4355


16) Name of authorised company official responsible for
making this notification

J.L. Luetchford

Date of notification 19 January 2004



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