RNS Number:3164U
Lupus Capital PLC
16 January 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Lupus Capital PLC............................................................

2. Name of shareholder having a major interest

Greg Hutchings.........................................................

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Person named in 2......................................................

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Greg Hutchings...................................................

5. Number of shares / amount of stock acquired

6,466,056................................................

6. Percentage of issued class

3.74%................................................

7. Number of shares / amount of stock disposed

...............................................................

8. Percentage of issued class

...............................................................

9. Class of security

Ordinary Shares of 0.5p......................................................

10. Date of transaction

16 January 2004...................................................


11. Date company informed

16 January 2004................................................

12. Total holding following this notification

6,466,056................................................

13. Total percentage holding of issued class following this notification

3.74%...............................................................

14. Any additional information

The Company announced on 16 January 2004 Proposals for the appointment of Mr
Hutchings as Executive
Chairman............................................................

15. Name of contact and telephone number for queries

John Luetchford, Cavendish Administration Limited
020 7490 4355...............................................................

16. Name and signature of authorised company official responsible for making
this notification

Cavendish Administration Limited, Company Secretary
...............................................................

Date of notification

16 January 2004.......................................

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