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Statement re. Press Comment

1st Feb 2006 11:27

Lupus Capital PLC01 February 2006 For immediate release 1 February 2006 Lupus Capital plc ("Lupus" or the "Company") Response to press speculation The Board of Lupus has noted today's press speculation and confirms that it isin discussions concerning a potential acquisition. Discussions are ongoing and there can be no certainty that any acquisition willbe completed. If the potential acquisition proceeds it will be financed in partby a significant equity issue in excess of the current market capitalisation ofLupus. A further announcement will be made as and when appropriate. Enquiries: Alan Frame (Equity Development)0207 405 777707850 944187 Nick DonaldHSBC0207 992 2151 This information is provided by RNS The company news service from the London Stock Exchange

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