Circ re Tender Offer

Electra Investment Trust PLC
21 June 2004



Electra Investment Trust PLC 21 June 2004
Posting of GBP100m Tender Offer Circular



Not for distribution in or into the United States, Canada, Australia or Japan

Electra Investment Trust PLC announces that a circular containing details of the
tender offer for up to GBP100 million announced on 16 June, 2004 has been posted
to shareholders and share plan participants.  A copy of the above document has
been submitted to the UK Listing Authority and will shortly be available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:


Financial Services Authority 25 The North Colonnade Canary Wharf London  E14 5HS


Tel no: 020 7066 1000


(Documents will normally be available for inspection within six normal business
hours of this notice being given).

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