Capcon Holdings plc (the "Company")                      

                          - Disclosure of Interest -                           

The Board of Capcon Holdings plc received notification on 21st February 2003,
in accordance with sections 198 to 210 of the Companies Act 1985 (as amended),
that Singer & Friedlander AIM 3 Venture Capital Trust holds 1,137,500 ordinary
shares in Capcon Holdings plc which represents 12.46 per cent. of the Company's
issued share capital.

24 February 2003



END