Holding(s) in Company

Financial Services Authority

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are              Electra Private Equity Plc   
attached:                                                                               
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):              
                                                                                        
An acquisition or disposal of voting rights                                       Yes   
                                                                                Disposal
                                                                                        
                                                                                        
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):                                                                 
                                                                                        
                                                     Asset Value Investors Limited      
                                                     AVI Value Fund (685,104)           
3. Full name of person(s) subject to the             British Empire Securities          
notification obligation:                             (1,846,454)                        
                                                     CF AVI Global Fund (352,285)       
                                                     Segregated Accounts (612,181)      
                                                                                        

                                                            State Street Nominees       
4. Full name of shareholder(s)                                 Chase Nominees           
 (if different from 3.):                                        BoNY Nominees           
                                                                   Others               
                                                                                        
                                                                                        
5. Date of the transaction (and date on                        25 August 2009           
which the threshold is crossed or                                                       
reached if different):                                                                  
                                                                                        
6. Date on which issuer notified:                              27 August 2009           
                                                                                        
7. Threshold(s) that is/are crossed or                               10%                
reached:                                                                                
                                                                                        


 

8. Notified details:                                                                                 
                                                                                                     
A: Voting rights attached to shares                                                                  
                                                                                                     
Class/type     Situation previous          Resulting situation after the triggering transaction      
of             to the triggering                                                                     
shares            transaction                                                                        
                                                                                                     
if              Number       Number                       Number of voting        % of  voting rights
possible          of           of        Number                rights                                
using           Shares       Voting    of shares                                                     
the ISIN                     Rights                                                                  
CODE                                                   Direct         Indirect     Direct   Indirect 
                                                                                                     
GB0003085445    3,560,190    3,560,190  3,496,024      3,496,024      0            9.89       0     
Ordinary                                                                                             
Shares                                                                                               
                                                                                                     
                                                                                                     
                                                                                                     
B: Financial Instruments                                                                             
                                                                                                     
Resulting situation after the triggering transaction                                                 
                                                                                                     
                                                       Number of voting                              
Type of financial        Expiration Exercise/          rights that may be               % of voting  
instrument               date       Conversion Period  acquired (if the                 rights       
                                                       instrument is                                 
                                                       exercised/ converted)                         
                                                                                                     
N/A                                                                                                  
                                                                                                     
                                                                                                     
                                                                                                     
Total (A+B)                                                                                          
                                                                                                     
Number of voting rights                     Percentage of voting rights                              
                                                                                                     
              3,496,024                                            9.89                           
                                                                                                     


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
                                                                                        
State Street Nominees acts as Custodian for AVI Value Fund                              
Chase Nominees acts as Custodian for British Empire Securities                          
BoNY acts as Custodian for CF AVI Value Fund                                            
Other nominees act as Custodian for the Segregated Accounts                             
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                                          
                                                                                        
                                                                                        
                                                                                        
                               Asset Value Investors acts as discretionary fund manager 
13. Additional information:               for all shares mentioned in item 8            
                                             Daniel Sadler 020 7467 2919                
                                                                                        
14. Contact name:                Julian Rhys, Frostrow Capital LLP, Company Secretary   
                                                                                        
15. Contact telephone number:                       0203 008 4613