Interim Management Statement

Electra Private Equity PLC
06 February 2008

Electra Private Equity Plc ('Electra') - Interim Management Statement



6 February 2008



This is the first Interim Management Statement issued by Electra in accordance
with the new EU Transparency Directive and FSA requirements. This statement
relates to the three month period from 1 October 2007 to 31 December 2007.



Sir Brian Williamson, Electra's Chairman said:



'Although investment activity generally slowed in the last three months as
vendors, banks and fund managers came to terms with the more challenging
economic outlook, Electra made a positive start to the first quarter and at 31
December 2007 had net liquid assets of £171 million by comparison with £156
million at 30 September 2007. Whilst market conditions have become difficult for
a number of portfolio companies, the majority continue to trade in line with
expectations. Although investment activity may continue to be subdued in the
short term, Electra Partners believes that attractive investment opportunities
will be available to Electra in view of its strong cash position and bank
facilities.'





1         Unaudited Net Asset Value Per Share



The investment portfolio, which comprises direct investments and investments
through third party private equity funds has not been revalued at 31 December
2007. However, calculated on the basis of the net asset value at 30 September
2007 adjusted to reflect the purchases and sales of investments, currency
movements and bid values in respect of listed investments, the unaudited net
asset value at 31 December 2007 was 2,009p per share by comparison with 2,001p
at 30 September 2007, an increase of 0.4%.



2          Share Price Performance



Electra's share price declined by 5.7% over the three months to 31 December 2007
while the FTSE All-Share Index declined by 0.9%. However, over the year to 31
December 2007, Electra's share price increased by 9.6% while the FTSE All-Share
Index increased by 2.0%.



3          Investment and Realisations



Electra invested a total of £44.5 million in the three months to 31 December
2007, including £7.4 million in private equity funds. Investment for the
equivalent period last year was £58.9 million.



The largest direct investment in the period was an investment of £20.0 million
made in London & Stamford Property which has been established to exploit real
estate investment opportunities which are expected to emerge from market
corrections which are expected to gather pace in 2008. Electra has made
significant gains on two previous occasions through this management team in
Arlington Properties and Pillar Properties.



Realisation proceeds received by Electra continued to be strong at £92.4million
for the three months to 31 December 2007 (2006: £11.6 million).



The largest realisation in the period was Dakota, Minnesota and Eastern Railroad
which generated total proceeds for Electra of £36.2 million.



Consistent with the strategy agreed at the time of investment, Electra sold a
fixed proportion of its interest in Kingfield Heath Group and Nuaire for £21.7
million and £11.7 million respectively to Electra Partners Club 2007, an
investment club for institutional investors established by Electra Partners.
Electra Partners Club 2007 will enable Electra Partners to consider larger deals
for Electra.



In addition Electra received £9.9 million following the redemption of Capital
Safety Group III loan notes.



4         Share Buybacks



During the three months to 31 December 2007, Electra made on market purchases at
a cost of £8.2million and cancelled 0.6 million shares. The Company currently
has the ability to buy back and cancel up to a further 4.7 million shares during
the remaining period of this authority which will cease at the 2008 Annual
General Meeting when Directors will seek to renew this general authority.



Ends


For information please contact:

Sir Brian Williamson, Chairman, Electra Private Equity Plc  020 7306 3883

Hugh Mumford, Managing Partner, Electra Partners LLP        020 7214 4200

Nick Miles, M: Communications Limited                       020 7153 1535





This statement aims to give an indication of material events and transactions
that have taken place during the period from 1 October 2007 to the date of
publication of this statement and their impact on the financial position of
Electra Private Equity Plc. These indications reflect the Board's current view.
They are subject to a number of risks and uncertainties and could change.
Factors which could cause or contribute to such differences include, but are not
limited to, general economic and market conditions and specific factors
affecting the financial prospects or performance of individual investments
within Electra's portfolio.


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