Policy Statement on Investmnt

Electra Investment Trust PLC
22 December 2003


ELECTRA INVESTMENT TRUST PLC ('ELECTRA')
22 December 2003

Policy Statement on Investment in other listed Investment Companies and Trusts

Electra announces that as part of its investment policy it will invest not more 
than 15% of its gross assets in other listed investment companies (including 
listed investment trusts).

For further information:

PJ Dyke, Secretary      020 7831 6464


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