Holding(s) in Company

Electra Investment Trust PLC
26 August 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

ELECTRA INVESTMENT TRUST PLC

2. Name of shareholder having a major interest

DEUTSCHE BANK AG, LONDON

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

HELD AS PRINCIPAL: DEUTSCHE BANK AG, LONDON: 6,117,771

HELD IN CUSTOMER PORTFOLIOS: STATE STREET NOMINEES: 15,115

SEE 14. BELOW

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

/

5. Number of shares / amount of stock acquired

NOT DISCLOSED

6. Percentage of issued class

NOT DISCLOSED

7. Number of shares / amount of stock disposed

NOT DISCLOSED

8. Percentage of issued class

NOT DISCLOSED

9. Class of security

ORDINARY 25p SHARES

10. Date of transaction

NOT DISCLOSED

11. Date company informed

25 AUGUST 2004

12. Total holding following this notification

6,132,886 ORDINARY 25p SHARES

13. Total percentage holding of issued class following this notification

12.41%

14. Any additional information

DEUTSCHE BANK AG, LONDON ADVISE THAT PART OF THIS HOLDING MAY RELATE TO HEDGING
ARRANGEMENTS FOR CUSTOMER TRANSACTIONS, AND COMPANIES WITHIN THE GROUP ACTING AS
FUND MANAGERS HOLD SOME OF THE SHARES ON BEHALF OF A NUMBER OF CLIENTS WHOSE
PORTFOLIOS ARE MANAGED ON A DISCRETIONARY BASIS.

15. Name of contact and telephone number for queries

PJ DYKE, SECRETARY, 020 7831 6464

16. Name and signature of authorised company official responsible for making
this notification

PJ DYKE, SECRETARY, 020 7831 6464

Date of notification

26 AUGUST 2004

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