Notification of Major Interest In Shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ⁱⁱ

Allocate Software Ord GBP 0.05

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: ⁱⁱⁱ

Strategic Equity Capital Plc

4. Full name of shareholder(s)
 (if different from 3.):^iv

Northern Trust Fiduciary Services (Ireland) Limited

5. Date of the transaction and date on
which the threshold is crossed or
reached: ^v

21^st March 2013

6. Date on which issuer notified:

22^nd March 2013

7. Threshold(s) that is/are crossed or
reached: ^{vi, vii}

Above 9%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

Ordinary Shares

5,291,535

5,291,535

5,841,535

5,841,535

9.12%

GB0004368766

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,841,535

9.12%

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

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:

15. Contact telephone number:

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares^xxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Strategic Equity Capital Plc

Contact address

(registered office for legal entities)

Beaufort House, 51 New North Road, Exeter, Devon, EX4 4EP

Phone number & email

(01392) 477 500, [email protected]

Other useful information

(at least legal representative for legal persons)

Contact name: Christopher Mendoza

B: Identity of the notifier, if applicable

Full name

Christopher Mendoza

Contact address

Beaufort House, 51 New North Road, Exeter, Devon, EX4 4EP

Phone number & email

(01392) 477 567, [email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

For and on behalf of Capita Sinclair Henderson Ltd; Company Secretary

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.