Eurogestion Sold as Part of a Management Buyout

Electra Investment Trust PLC
2 February 2000


ELECTRA INVESTMENT TRUST MAKES SUCCESSFUL REALISATION

Eurogestion, a leading provider of pest control and hygiene services, better
known as 'Prohygiena' in France and 'Flick' in Australia, has been sold as
part of a secondary management buyout.

As a result of the transaction, the gross proceeds attributable to Electra
Investment Trust ('EIT') are up to FF 126.0 million.  EIT has received FF
109.9 million in cash plus up to an additional FF 16.1 million dependent on
the absence of any warranty claims.  This compares with an original cost of
FF 54.0 million and a valuation as at 30 September 1999 of FF 118.5 million.

EIT will use the proceeds from this disposal to reduce bank borrowings.

Hugh Mumford, Chief Executive, Electra Partners Limited, which manages EIT's
unquoted portfolio, said:

'We are continuing to realise significant value for shareholders through the
ongoing realisation programme.  This disposal again demonstrates the
underlying quality of Electra Investment Trust's unquoted portfolio.'

For further information, please contact:

Hugh Mumford      Electra Partners Limited           0171 831 6464
Jean Ducroux      Electra Partners Europe S.A.   +00 331 5383 7910

Alison Hogan      Brunswick Group Limited            0171 404 5959
Helen Precious