Successful Realisation

Electra Investment Trust PLC
19 July 2000


         ELECTRA INVESTMENT TRUST MAKES SUCCESSFUL REALISATION

Electra Investment Trust ('Electra') announces the partial realisation of its
interest in Agricola, the holding company of BOCM Pauls, through a refinancing
funded by Bank of Scotland.  BOCM Pauls is the UK's largest producer of animal
feed.

Electra acquired its original interest in Agricola in November 1998 when it
invested £18.3 million in the buy-out of BOCM Pauls.  In April 2000 £6.0m of
loan stock was repaid to Electra.

As a consequence of the refinancing announced today, Electra has received cash
proceeds of £30.8 million together with redeemable securities in Agricola
valued at £14.4m and ordinary shares representing 8.3 per cent of the fully
diluted share capital leaving management of Agricola with a majority
shareholding.  Total proceeds of the investment represent a multiple of 3
times over a period of 20 months.  Realisation proceeds will be used to reduce
bank borrowings.

Based on the valuation of Agricola included in Electra's interim accounts as
at 31 March 2000 these transactions represent an uplift in Electra's net asset
value of 34p per ordinary share.

Note

The increase in net asset value referred to above is based upon the 80,559,959
shares in Electra in issue following completion of the Tender Offer at the end
of June 2000, full details of which were announced on 4 July 2000.


For further information please contact:

Brian Williamson       Electra Investment Trust      020 7831 6464

Hugh Mumford           Electra Partners Group        020 7831 6464
David Symondson

Stephen Breslin        Brunswick Group Limited       020 7404 5959
Caroline Greetham