Holding(s) in Company

Lupus Capital plc has received the following notification of a major interest in its shares. TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): Lupus Capital plc 2. Reason for the notification (please state Yes/No): ( ) An acquisition or disposal of voting rights: (Yes) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No) An event changing the breakdown of voting rights: (No) Other (please specify) : (No ) 3. Full name of person(s) subject to the notification obligation (iii): Aviva plc & its subsidiaries 4. Full name of shareholder(s) (if different from 3.): BNY Norwich Union Nominees Ltd 2,510,057 Chase GA Group Nominees Ltd 16,473,432 CUIM Nominee Ltd 300,000 Chase Nominees Ltd 435,707 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 21 October 2009 6. Date on which issuer notified: 22 October 2009 7. Threshold(s) that is/are crossed or reached: 15% at combined interest level 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to the Triggering using the ISIN CODE transaction (vi) Number of shares Number of voting 19,219,196 Rights (viii) 19,219,196 Resulting situation after the triggering transaction (vii) Class/type of Number of Number of voting rights % of voting shares if possible shares (ix) rights using the ISIN CODE Direct Direct (x) Indirect Direct Indirect 19,719,196 19,283,489 (xi) 14.85 0.34 435,707 B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Exercise/Conversion Number of voting % of financial Date (xiii) Period/ Date (xiv) rights that may be voting instrument acquired if the rights instrument is exercised/ converted. N/A N/A N/A N/A N/A Total (A+B) Number of voting rights % of voting rights 19,719,196 15.19% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): Aviva Investors Global Services Ltd Aviva Investors Holdings Ltd Aviva Group Holdings Ltd Aviva plc Proxy Voting: 10. Name of the proxy holder: See section 4 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: Based on total voting rights of 129,840,798 14. Contact name: Mr N Whittaker 15. Contact telephone number: 01603 684420 C: Additional information : Name of person making this announcement on behalf of Lupus Capital plc. Mr J Luetchford Tel: 0207 490 4355 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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