TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:                                               Strategic Equity Capital plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                        x

An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights are
attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:                                  RIT Capital Partners plc

4. Full name of shareholder(s)                            Harewood Nominees Ltd, account
 (if different from 3.):                                  4166440

5. Date of the transaction and date on                    21/01/2015
which the threshold is crossed or
reached:

6. Date on which issuer notified:                         21/01/2015

7. Threshold(s) that is/are crossed or
reached:                                                  17%

8. Notified details:

A: Voting rights attached to shares

Class/type    Situation previous       Resulting situation after the triggering transaction
of            to the triggering
shares        transaction

if possible   Number       Number      Number      Number of voting      % of  voting rights
using         of           of          of shares   rights
the ISIN      Shares       Voting
CODE                       Rights
                                       Direct      Direct     Indirect   Direct   Indirect

GB00B0BDCB21  0            0           9,818,227   9,818,227  0          17.17    0


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration      Exercise/             Number of voting        % of voting
instrument         date            Conversion Period     rights that may be      rights
                                                         acquired if the
                                                         instrument is
                                                         exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise price   Expiration    Exercise/           Number of voting rights   % of voting rights
financial                      date          Conversion period   instrument refers to
instrument
                                                                                           Nominal   Delta



Total (A+B+C)

Number of voting rights          Percentage of voting rights

9,818,227                        17.17%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:                             Christopher Wise

15. Contact telephone number:                 020 7514 1944