Stmt re Allflex Holdings II

Electra Private Equity PLC
23 August 2007

Electra Private Equity Plc



                                                                  23 August 2007



Electra Private Equity announces the refinancing of Allflex Holdings II Inc


Electra Private Equity Plc ('Electra') is pleased to announce the refinancing of
Allflex Holdings II, Inc ('Allflex') in a transaction led by Royal Bank of
Scotland plc.

As a consequence of the refinancing and related transactions, Electra will
receive cash proceeds of $78.3m together with interests in the new company
valued at $114.0m. At current exchange rates, the transaction will give rise to
an increase in Electra's net asset value since 31 March 2007 of £42m
representing an uplift in net asset value per share of 112.5p.

In 1998, Electra led the $160m buyout of Allflex. 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, and play an important role in the recording of
livestock movements.

Allflex has been refinanced on two previous occasions, most recently in 2005.
Based on the aggregate proceeds and retained investment arising from this latest
refinancing, Electra will achieve a multiple of over 5 times its original
investment with an IRR over 9 years of 25%.

David Symondson at Electra Partners commented, 'this investment, in common with
the sale of Capital Safety Group in May of this year, bears testament to
Electra's policy of holding successful investments for the longer term with
above average returns being achieved. Furthermore, Allflex has been successfully
refinanced, despite difficult conditions in the debt markets. This reflects the
strength of Allflex's business. Allflex's markets continue to expand as food
health and safety becomes an increasingly important topic for governments. We
look forward to a continued period of sustainable growth from our investment in
Allflex'.


For further information:
David Symondson/Rhian Davies, Electra Partners LLP 020 7214 4200
Nick Miles, M:Communications 020 7153 1530



Notes to Editors

Electra Private Equity PLC (www.electraequity.com)

Electra has specialised in private equity for 30 years achieving investment
returns substantially in excess of the FTSE All-Share Index and returning a
total of £1.2 billion to shareholders through tender offers and on-market share
buybacks since 1999. Since October 2006 Electra has had a revised investment
strategy which returns Electra to full investment of its capital resources in
private equity. Electra, with its differentiated investment approach, has a
strong market position and provides shareholders with a direct and liquid access
to private equity.



Electra Partners LLP (www.electrapartners.com)

Electra Partners is an independent private equity fund manager whose major
client is Electra Private Equity PLC. As at 31 March 2007, it had funds under
management of £900 million. Electra Partners are looking for private equity
investment opportunities across all sectors and the ideal investment size is
£25-£70m in transactions with an enterprise value of £70-£200m.

Electra Partners' most recent new investments have been in Kingfield Heath,
Lil-lets and Nuaire in the UK and Locatel in France alongside the refinancing of
Capital Safety Group in June.



                      This information is provided by RNS
            The company news service from the London Stock Exchange