Disposal

Electra Investment Trust PLC
19 April 2000


             ELECTRA INVESTMENT TRUST MAKES SUCCESSFUL REALISATION

Electra Investment Trust ('Electra') announces the disposal of its 21.5 per
cent interest in HMY.  HMY is one of Europe's leading manufacturers of
shelving and check-out counters supplying supermarket chains.

Electra acquired its original interest in HMY in July 1996 when it invested FF
45 million in the buy-out of Hermes Metal.  In 1998, following the acquisition
of Yudigar, the company changed its name to HMY.

Electra will receive cash proceeds of FF 318 million from this sale which will
be used to further reduce bank borrowings.  Based on the £23.6 million
valuation included in Electra's year end accounts as at 30 September 1999
there represents an uplift in net asset value of 5p per ordinary share.

Michael Stoddart, Chairman, Electra Investment Trust PLC, said:

'HMY is a well run company which has proved to be a very successful investment
for Electra's shareholders.  This continues our policy of successfully
realising significant value for shareholders which demonstrates the underlying
quality of Electra's unquoted portfolio.'

For further information please contact:

Michael Stoddart    Electra Investment Trust PLC        020 7831 6464

Hugh Mumford        Electra Partners Ltd                020 7831 6464

Stephen Breslin     Brunswick Group Limited             020 7404 5959

Electra will receive cash proceeds of ff318 million from this sale which will
be used to further reduce bank borrowings.