ELTA.L Regulatory News (ELTA)

Electra Private Equity PLC

(the "Company" or "Electra")

Board Appointment

19 April 2016

The Board of Electra Private Equity PLC is pleased to announce the appointment of Neil Johnson as non-executive Chairman and Director of the Company with effect from 12 May 2016.

Following Mr Johnson's appointment, Dame Kate Barker, who has been Chairman of the Company since 5 November 2015, will resume her roles as Senior Independent Director and Chairman of the Remuneration and Nomination Committee. Roger Perkin will stand down from these roles, which he has held since Dame Kate was appointed as Chairman of the Company in November 2015.

Dame Kate Barker, Chairman, said:

"This appointment follows a rigorous selection process and we are delighted to appoint Neil Johnson as Chairman of Electra. He has extensive experience in managing and chairing a range of listed and private companies which will be of great value as the Board carries out its review of investment policy and structure."

Neil Johnson said:

"I am looking forward to joining the Board of Electra and becoming Chairman following Dame Kate Barker's period as Chairman. I am delighted that Kate has agreed to resume her former role as Senior Independent Director and Chairman of Remuneration Committee as I know her insights and experience will be most helpful. I hope that the breadth of perspective acquired in my career to date, executive, non-executive and advisory, will serve the Company well as we review our business model to ensure optimised shareholder value."

Neil Johnson has had an extensive career spanning a number of executive and advisory roles. He is currently Non-Executive Chairman of Synthomer PLC, e2v Technologies PLC and Motability Operations Group and Senior Independent Director with Business Growth Fund (BGF). Mr Johnson was formerly a Non-Executive Director of Umeco PLC from 2009 to 2012 and of Hornby PLC from 1998 to 2013. There is no other information concerning Mr Johnson which is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.

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About Electra

Electra Private Equity PLC ("Electra") is a private equity investment trust which has been listed on the London Stock Exchange since 1976. Electra's long-term investment performance has been consistently superior to private equity and other benchmarks. Over the ten years to 30 September 2015, Electra has seen diluted NAV per share growth of 244%. This is equivalent to a ten-year annualised return of 13%, at the upper end of Electra's target range of 10-15% over the long-term.