Holding(s) in Company

Electra Investment Trust PLC
30 October 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
ELECTRA INVESTMENT TRUST PLC

2. Name of shareholder having a major interest
DEUTSCHE BANK AG, LONDON

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
SEE 14. BELOW

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
NOT DISCLOSED

5. Number of shares / amount of stock acquired
NOT DISCLOSED

6. Percentage of issued class
NOT DISCLOSED

7. Number of shares / amount of stock disposed
NOT DISCLOSED

8. Percentage of issued class
NOT DISCLOSED

9. Class of security
ORDINARY 25p SHARES

10. Date of transaction
NOT DISCLOSED





11. Date company informed
29 OCTOBER 2002

12. Total holding following this notification
8,073,142 ORDINARY 25p SHARES

13. Total percentage holding of issued class following this notification
12.37%

14. Any additional information
DEUTSCHE BANK AG, LONDON ADVISE THAT PART OF HOLDING MAY RELATE TO HEDGING ARRANGEMENTS FOR CUSTOMER
TRANSACTIONS, AND COMPANIES WITHIN THE GROUP ACTING AS FUND MANAGERS HOLD SOME OF THE SHARES ON BEHALF OF
A NUMBER OF CLIENTS WHOSE PORTFOLIOS ARE MANAGED ON A DISCRETIONARY BASIS

15. Name of contact and telephone number for queries
PJ DYKE, SECRETARY, 020 7831 6464

16. Name and signature of authorised company official responsible for making
this notification
AS ABOVE

Date of notification
30 OCTOBER 2002


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