Disposals of Interest

Electra Investment Trust PLC
11 April 2000


ELECTRA INVESTMENT TRUST PLC AGREES TO THE DISPOSAL OF ITS SHAREHOLDING IN
ROBERT FLEMING HOLDINGS LIMITED AND DISPOSAL OF ASPEN HEALTHCARE

Flemings

EIT notes the announcement today by the Board of The Chase Manhattan
Corporation ('Chase') and Robert Fleming Holdings Limited ('Flemings') of
the terms of a recommended offer for Flemings to be made by Chase.

EIT has given irrevocable undertaking to accept the offer by Chase for
Flemings.  The offer values EIT's holding of 1.1 million shares in Flemings
at £30.2 million.  If completed on the terms recommended by Flemings, this
would represent an uplift in net asset value per EIT Ordinary share of 18p
on the £10.4 million valuation included in EIT's accounts as at 30 September
1999.

Aspen Healthcare

EIT announces that it has sold Aspen Healthcare ('Aspen'), the UK private
hospital group, to United Surgical Partners of the USA for an undisclosed
sum.  Aspen owns two private hospitals in Greater London, as well as a
building intended for redevelopment as a private cancer treatment centre in
Wimbledon.

EIT's original investment in the business was £10.2 million of which £6.7
million was repaid in April 1999. As a result of the sale EIT will receive
proceeds of £11.7 million. This compares with a valuation of the investment
as at 30 September 1999 of £11.5 million. Proceeds from this disposal will
be used to reduce bank borrowings further. Total proceeds of £18.4 million
from the investment represent a multiple of 1.8 times cost over a period of
2 years.

For Further information please contact:
Michael Stoddart                 EIT                          020 7831 6464
Hugh Mumford                     Electra Partners Europe      020 7831 6464
Stephen Breslin / Harry Chathli  Brunswick Group Limited      020 7404 5959