REG-Electra Priv. Equity: Holding(s) in Company

Financial Services Authority

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are Electra Private Equity Plc
attached:

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights Yes
Disposal

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are
attached.

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Asset Value Investors Limited
AVI Value Fund (685,104)
3. Full name of person(s) subject to the British Empire Securities
notification obligation: (1,846,454)
CF AVI Global Fund (352,285)
Segregated Accounts (612,181)

State Street Nominees
4. Full name of shareholder(s) Chase Nominees
(if different from 3.): BoNY Nominees
Others

5. Date of the transaction (and date on 25 August 2009
which the threshold is crossed or
reached if different):

6. Date on which issuer notified: 27 August 2009

7. Threshold(s) that is/are crossed or 10%
reached:

8. Notified details:

A: Voting rights attached to shares

Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction

if Number Number Number of voting % of voting rights
possible of of Number rights
using Shares Voting of shares
the ISIN Rights
CODE Direct Indirect Direct Indirect

GB0003085445 3,560,190 3,560,190 3,496,024 3,496,024 0 9.89 0
Ordinary
Shares

B: Financial Instruments

Resulting situation after the triggering transaction

Number of voting
Type of financial Expiration Exercise/ rights that may be % of voting
instrument date Conversion Period acquired (if the rights
instrument is
exercised/ converted)

N/A

Total (A+B)

Number of voting rights Percentage of voting rights

3,496,024 9.89

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

State Street Nominees acts as Custodian for AVI Value Fund
Chase Nominees acts as Custodian for British Empire Securities
BoNY acts as Custodian for CF AVI Value Fund
Other nominees act as Custodian for the Segregated Accounts

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

Asset Value Investors acts as discretionary fund manager
13. Additional information: for all shares mentioned in item 8
Daniel Sadler 020 7467 2919

14. Contact name: Julian Rhys, Frostrow Capital LLP, Company Secretary

15. Contact telephone number: 0203 008 4613

END