Portfolio Sales

Electra Investment Trust PLC
30 June 2005




                          ELECTRA INVESTMENT TRUST PLC
30th June 2005

FOR IMMEDIATE RELEASE

Electra announces the refinancing of Allflex Holdings Inc.

Electra Investment Trust PLC ('Electra') is pleased to announce the refinancing
of Allflex Holdings Inc ('Allflex') in a transaction led by Royal Bank of
Scotland plc.

Allflex is the world's leading manufacturer and distributor of visual and
electronic animal identification tags with factories in several countries,
including France, USA, Canada, Australia, New Zealand, Brazil and China. Its
major markets encompass Europe, North America, South America and Australasia.
Its principal products are sold into the cattle and sheep sector.

As a consequence of the refinancing, Electra will receive cash proceeds of
$68.1m together with interests in the new company valued at $46.2m. At current
exchange rates, the transaction will give rise to an increase in Electra's net
asset value since 31 March 2005 of £19.2m representing an uplift in net asset
value per share of 43.2p.

Electra and Allflex were advised by Goldman Sachs International

For further information:

Sir Brian Williamson, Chairman, Electra Investment Trust PLC      020 7214 4200

Hugh Mumford, Chief Executive, Electra Partners Limited           020 7214 4200

David Symondson, Director, Electra Partners Limited               020 7214 4200

Nick Miles, M:Communications                                      020 7153 1535




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