Directorate Change

Electra Private Equity PLC
08 January 2007


Regulatory Announcement
For Immediate Release
8 January 2007


                           
                            Electra Private Equity PLC

                   Appointment of two non-executive Directors



The Board of Electra Private Equity PLC ('Electra') is pleased to announce the
appointment of Colette Bowe and Lucinda Webber as non-executive Directors of
Electra. These appointments will take effect from 1 March 2007.


In his Chairman's Statement issued on 5 December 2006 Sir Brian Williamson
stated that it was now appropriate to refresh the membership of the Board
following the review of the investment strategy and management arrangements.


Commenting on these appointments Sir Brian said:-

'These are the first two of three non-executive appointments which the Board
intends to make. The Board anticipates that a further non-executive Director
will be appointed before the release of the Interim Results in June 2007. There
will then be a short period of transition after which some existing Directors
will retire from the Board.'


Brief details about Colette Bowe and Lucinda Webber are set out below.


Colette Bowe

Colette Bowe has divided her career between the City and Whitehall. An economist
by profession, she spent the early part of her career in the Department of Trade
and Industry before moving into City regulation - first at the Securities and
Investments Board ( forerunner of the FSA) and then as the first CEO of the
Personal Investment Authority ('PIA'). After the PIA, she went on to become
Executive Chairman of what were then the Fleming Asset Management businesses in
Europe - Save and Prosper in the UK and Fleming Funds Management in Luxembourg.
In 2001, she began her career as a non-executive, where, again, she divides her
portfolio between the private and public sectors. She is currently a director of
Morgan Stanley Bank International and of Axa Framlington. In the public sector,
she is the Chairman of the Ofcom Consumer Panel and a member of the Statistics
Commission. She is also the Chairman of the Council of Queen Mary, University 
of London.



Lucinda Webber

Lucinda Webber has over twenty years experience in the private equity industry
having joined Barclays Private Equity ('BPE') from Barclays Merchant Bank in
1984. She became a Director of BPE and also of Barclays Capital Developpement
S.A. ('BCD') in 1990. She has sat on a number of Investment and Valuation
Committees for private equity within Barclays. In 1997 she moved to working
part-time as a Director for BPE and BCD and since 1999 she has worked as a
consultant in private equity, remaining on the Barclays Ventures Investment and
Valuation Committees.


Other than as detailed above, Electra confirms that there are no other details
to be disclosed in respect of these two appointments pursuant to paragraph
9.6.13 of the Listing Rules.




For further information

Sir Brian Williamson, Chairman Electra Private Equity PLC 020 7306 3883
Nick Miles. M: Communications Limited 020 7153 1535



                      This information is provided by RNS
            The company news service from the London Stock Exchange