Publication of Prospectus

Lupus Capital PLC
07 March 2006



Lupus Capital plc


Publication of Prospectus

Lupus Capital plc ('Lupus' or the 'Company') announces that yesterday, in
connection with the proposed acquisition of Schlegel building products business
announced on 3 March 2006, it filed with the Financial Services Authority (the
'FSA') in accordance with Rule 3.2 of the Prospectus Rules of the FSA, a
prospectus containing details of, inter alia, the proposed acquisition of
Schlegel, the placing of 299,339,334 new ordinary shares at 14 pence per new
ordinary share, the open offer of up to 79,232,095 new ordinary shares at 14
pence per new ordinary share, a notice of an Extraordinary General Meeting of
the Company, to be held at the offices of Slaughter and May, One Bunhill Row,
London EC1Y 8YY at 11am on 29 March 2006, and the admission of the enlarged
share capital of Lupus to trading on AIM (the 'Prospectus').


Copies of the above document have been submitted to the FSA, and will shortly be
available for inspection at the FSA's Document Viewing Facility, which is
situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf,
London, E14 5HS (Tel: [phone]).



Lupus yesterday posted copies of the Prospectus to its shareholders (with the
exception of certain overseas shareholders). Copies of the Prospectus can also
be obtained from the registered offices of Lupus at Crusader House, 145-157 St
John Street, London EC1V 4RU, the offices of HSBC Bank plc at 8 Canada Square,
London E14 5HQ, or the offices of Slaughter and May, One Bunhill Row, London
EC1Y 8YY.


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