CSG Ltd refinancing deal

Electra Investment Trust PLC
04 October 2005


Regulatory Announcement



ELECTRA INVESTMENT TRUST PLC
4th October 2005

FOR IMMEDIATE RELEASE

Electra announces the refinancing of Capital Safety Group Limited

Electra Investment Trust PLC ('Electra') is pleased to announce the refinancing
of Capital Safety Group Limited ('CSG') in a transaction led by Barclays Bank
plc.

CSG is the world's leading specialist designer and manufacturer of height safety
and fall protection equipment. Its globally recognised brands include DBI, Sala
and Protecta. Its manufacturing sites are based in USA, Canada and France.

As a consequence of the refinancing, Electra will receive cash proceeds of
$70.9m together with interests in the new company valued at $30.3m. At current
exchange rates, the transaction will give rise to an increase in Electra's net
asset value since 31 March 2005 of £10.5m representing an uplift in net asset
value per share of 24.1p.

Electra and CSG were advised by Close Brothers Corporate Finance.


For further information:

Sir Brian Williamson, Chairman, Electra Investment Trust PLC     020 7214 4200
Hugh Mumford, Chief Executive, Electra Partners Limited          020 7214 4200
David Symondson, Director, Electra Partners Limited              020 7214 4200
Nick Miles, M: Communications                                    020 7153 1535



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