Statement re AIFMD

NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE
WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")

11 July 2014

The Board of Electra Private Equity PLC (the "Company") is pleased to announce
that the Company has entered into the arrangements necessary to ensure
compliance with the AIFMD.

Following a review of the Company's arrangements, the Board has approved the
appointment of Electra Partners LLP ("Electra Partners") as the Company's
alternative investment fund manager (the "AIFM") on the terms of a new
Management and Investment Guideline Agreement between the Company and Electra
Partners. Electra Partners was approved as an AIFM by the UK's Financial
Conduct Authority on 11 July 2014. The arrangements in respect of the priority
profit share and carried interest payable to Electra Partners have not been
changed.

The Board, together with Electra Partners, has appointed Ipes (UK) Limited (the
"Depositary") to act as the Company's depositary (as required by the AIFMD) on
the terms of a depositary agreement between the Company, Electra Partners and
the Depositary.

Frostrow Capital LLP will continue to act as company secretary to the Company.

For further information please contact:

Eleanor Cranmer

Frostrow Capital LLP

Company Secretary

Telephone: [phone]