Result of EGM

Electra Investment Trust PLC
11 June 2001


                  ELECTRA INVESTMENT TRUST P.L.C. ('ELECTRA')
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          EXTRAORDINARY GENERAL MEETING ('EGM') APPROVES RESOLUTIONS
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Electra announces that, at its EGM held today, the resolutions set out in the
circular to shareholders dated 18th May, 2001 (the 'Circular') were passed.
These resolutions were a special resolution, authorising a tender offer for up
to GBP 150 million of Electra's share capital and an ordinary resolution
authorising the amendment of Electra's investment policy and management
arrangements.

The timetable for completion of the tender offer is:

Latest time and date for receipt of tender
forms and share plan tender forms:                3.00p.m on 16th June

Record date for tender offer:                     5.00p.m on 16th June

Calculation date for tender price:                16th June

Tender offer trade date and
result of tender offer announced:                 25th June

Settlement date: cheques despatched and
assured payments through CREST made:              29th June



Enquiries:
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Electra                                           020 7831 6464
Brian Williamson (Chairman)

Brunswick                                         020 7404 5959
Stephen Breslin