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 ) change in issued share capital   3. Full name of person(s) subject to the notification obligation (iii): F & C Asset Management plc   4. Full name of shareholder(s) (if different from 3.) N/A   5. Date of the transaction (and date on which the threshold is crossed or  reached if different) (v): 30 April 2008   6. Date on which issuer notified:     1 May 2008   7. Threshold(s) that is/are crossed or reached: 12%   8. Notified details: N/A   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 15,647,450 Rights (viii) 15,647,450         Resulting situation after the triggering transaction (vii)   Class/type of Number of Number of voting rights % of voting rights shares if shares (ix) possible using the ISIN CODE Direct Direct Indirect (xi) Direct Indirect N/A (x) 15,022,450 N/A 11.56 N/A               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 15,022,450 11.56%       9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): No underlying client holds over 3%   Proxy Voting:   10. Name of the proxy holder:   F & C Asset Management plc   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:  N/A   14. Contact name:   Richard Morrison   15. Contact telephone number:   0131 718 1055     C: Additional information : Name of person making this announcement on behalf of Lupus Capital plc.   Mr John Luetchford Tel: 020 7490 4355   ---END OF MESSAGE---