ELTA.L Regulatory News (ELTA)

FOR IMMEDIATE RELEASE

Electra Private Equity PLC

Declaration of Dividend

30 October 2018

On 4 October 2018, the Board of Electra Private Equity PLC announced its intention to distribute excess cash as an initial special dividend of £140m (£3.65 per share) in December subject to the completion of the Photobox transaction and adoption of a revised investment objective and policy (the "Initial Special Dividend").

The Board announced the completion of the Photobox transaction on 19 October 2018 and announced earlier today that shareholders had approved the adoption of a revised investment objective and policy at the General Meeting held today.

Accordingly, the Board confirms that the Initial Special Dividend of £3.65 per share or £140m will be paid on Friday 14 December 2018 to shareholders registered at the close of business on Friday 16 November 2018. The ex-dividend date is Thursday 15 November 2018.

For further information, please contact:

Electra Private Equity PLC

Gavin Manson, Chief Financial Officer 020 3874 8300

Greenhill

David Wyles / Brenlen Jinkens / Michael Lord 020 7198 7400

Brunswick Group

Gil Ackers / Kim Fletcher 020 7404 5959