Sale of Bezier Holdings Ltd

Electra Investment Trust PLC
22 August 2005


Regulatory Announcement



ELECTRA INVESTMENT TRUST PLC
22nd August 2005

FOR IMMEDIATE RELEASE



             Electra announces the sale of Bezier Holdings Limited.

Electra Investment Trust PLC ('Electra') is pleased to announce the sale of
Bezier Holdings Ltd ('Bezier') for £77m to a secondary leveraged buy out led by
Mid Ocean Partners. Separately, Electra has made a new investment in the
purchasing entity.

Bezier is the UK's largest dedicated Point of Purchase marketing group with
operations in Wakefield, Bristol and Poole. Its customers include major high
street retailers.

As a consequence of the sale, Electra will receive cash proceeds of £39.0m on
completion of the disposal in early September. The transaction will give rise to
an increase in Electra's net asset value since 31 March 2005 of £18.4m
representing an uplift in net asset value per share of 42.3p.

Electra has invested £5m alongside MidOcean Partners in Bezier Acquisition
Limited, the acquiring vehicle, for an equity interest of 12.5%.

Electra is delighted to be involved in the next stage of Bezier's development in
the growing Point of Sales market place.

Electra and Bezier were advised by KPMG Corporate Finance.



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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