Notification of Interest

Lupus Capital PLC
26 July 2002


26 July, 2002

FOR IMMEDIATE RELEASE

                  Lupus Capital plc ('Lupus' or 'the Company')

The Company was today notified by The Equitable Life Assurance Society
('Equitable') that, following a sale of 715,095 ordinary shares of the Company
on 24 July 2002, Equitable now has an interest in 8,184,905 ordinary shares
(4.80 per cent.).

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

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