Holding(s) in Company

Electra Investment Trust PLC
6 August 2004

                 ELECTRA INVESTMENT TRUST PLC ('the Company')

                               6 August 2004

          Section 198 Companies Act 1985 (as amended) Disclosure

Electra Investment Trust PLC announces that on 5 August 2004 it was advised by
SG Securities (London) Limited that with effect from close of business on 4
August 2004 SG Securities (London) Limited was no longer interested in the
Ordinary Shares of the Company.

Name of contact and telephone number for queries:

RJ Lewis, Assistant Secretary - 020 7831 6464


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