Holding(s) in Company

Electra Investment Trust PLC
5 January 2004


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     ELECTRA INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE EQUITABLE LIFE ASSURANCE SOCIETY

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

     IN RESPECT OF HOLDING OF SHAREHOLDER NAMED IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NOT PROVIDED

5)   Number of shares/amount of stock acquired.

     NIL

6)   Percentage of issued Class

     N/A

7)   Number of shares/amount of stock disposed

     149,439 ORDINARY SHARES

8)   Percentage of issued Class

     0.23%

9)   Class of security

     ORDINARY SHARES OF 25 PENCE EACH

10)  Date of transaction

     23 DECEMBER 2003

11)  Date company informed

     31 DECEMBER 2003

12)  Total holding following this notification

     2,516,123 ORDINARY SHARES OF 25 PENCE EACH
               
13)  Total percentage holding of issued class following this notification

     3.86%

14)  Any additional information



15)  Name of contact and telephone number for queries

     PJ DYKE, COMPANY SECRETARY, 020 7831 6464

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....5 JANUARY 2004....


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