ELTA.L Regulatory News (ELTA)

Electra Private Equity PLC

(the "Company" or "Electra")

Directorate Change

1 March 2018

At its Annual General Meeting today, the Board of Electra Private Equity PLC (the "Company" or "Electra") confirmed a number of board changes to take place with immediate effect.

· As announced on 7 December, Edward Bramson will step back from his role as interim Chief Executive Officer ("CEO") but remain on the board in a Non-Executive role.

· As stated in the Notice of AGM, Dr John McAdam, Senior Independent Director ("SID"), did not stand for re-election to the Board at the AGM and accordingly has retired as a Director of the Company with effect from today.

· David Lis will assume the role of Senior Independent Director with immediate effect and Paul Goodson will join the Remuneration Committee.

The Board does not intend to appoint a new CEO; those duties will be split between the Executive Chairman, Neil Johnson, and the Chief Finance Officer ("CFO"), Gavin Manson.

Neil Johnson, Executive Chairman said "I would like to thank Ed for leading Electra through the implementation of our strategic review and the creation of our operational capabilities and executive management team. Under his stewardship we have returned almost £2bn to investors in the past 17 months and have a focused portfolio of companies which we will grow or divest in order to optimize returns. John has been an immensely valuable member of the Board, and I would also like to thank him for his wise counsel and contribution to the Board."

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About Electra

Electra Private Equity PLC is an investment trust quoted on the London Stock Exchange. Electra has specialised in private equity for over 25 years achieving investment returns substantially in excess of the FTSE All-Share Index.