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                         Strategic Equity
attached:                                                                  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                   CG Asset Management Limited
notification obligation:

4. Full name of shareholder(s)
(if different from 3.):                                              Nortrust Nominees

5. Date of the transaction and date on
which the threshold is crossed or
reached:                                                             10th January 2014

6. Date on which issuer notified:                                    14th January 2014

7. Threshold(s) that is/are crossed or
reached:                                                                      Below 8%

8. Notified details:

A: Voting rights attached to shares

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

if possible   Number      Number      Number      Number of voting    % of  voting rights
using the     of          of          of shares   rights
ISIN CODE     Shares      Voting
                          Rights      Direct      Direct   Indirect   Direct   Indirect
Ord
GB00B0BDCB21  4,780,099   4,780,099   4,446,340   4,446,340           7.47%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

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



Total (A+B+C)

Number of voting rights        Percentage of voting rights

4,446,340                      7.47%


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

Nortrust Nominees for Capital Gearing Portfolio Fund Plc - 2.65%

Nortrust Nominees for Capital Gearing Trust Plc - 1.18%

Nortrust Nominees for CG Portfolio Fund Plc - 3.64%


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:                                         Richard Goody

15. Contact telephone number:                       +44 (0)20 7131 4904