AGM Statement

Electra Investment Trust PLC
09 February 2006



                                        
                              ELECTRA AGM STATEMENT



The statement below will be made by the Chairman at the Annual General Meeting
of Electra Investment Trust PLC to be held at 12 Noon today.


In my statement accompanying the Report and Accounts for the year ended 30
September 2005 I reported that Electra had again achieved a strong net asset
value growth and share price performance and also substantial realisations of
investments.


Since the year end good progress has continued with the sale of our investment
in Inchcape Shipping Services. This was a very satisfactory sale which resulted
in an uplift in NAV of 148p per share.


In my statement I also indicated that the Board expected, subject to market
conditions, that further returns of capital will be made from time to time,
through on-market purchases. I am pleased to say that since the year end a
further 550,000 shares have been purchased for cancellation.


We are continuing to see a strong flow of potential transactions although the
market remains very competitive.


The Board is encouraged by the growing interest in private equity investment by
a wider investor base and believes that Electra is well positioned to continue
to create shareholder value.



For further information:

Sir Brian Williamson, Chairman, Electra Investment Trust PLC   020 7214 4200

Hugh Mumford, Chief Executive, Electra Partners Limited        020 7214 4200

Nick Miles, M: Communications                                  020 7153 1535



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