Directorate Change

Electra Investment Trust PLC
01 October 2002


Electra Investment Trust PLC ('the Company')

1 October 2002

Electra Investment Trust PLC announces that, as foreshadowed in the Chairman's
Statement issued in December 2001, Sir Michael Pickard retired from the Board of
the Company on 30 September 2002.


For further information: -

Philip Dyke, Secretary, Electra Investment Trust PLC: Telephone [phone]


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