Portfolio Update

Electra Investment Trust PLC
04 January 2006


Electra Investment Trust PLC - Portfolio Update

4 January 2006


Electra Investment Trust PLC ('Electra') announces that as at 31 December 2005,
its ten largest investments were:

HBOS Treasury Floating Rate Notes

Barclays Bank Floating Rate Notes

European Investment Bank Floating Rate Notes

Inchcape Shipping Services

UK Rail Floating Rate Notes

Allflex

Abbey National Floating Rate Notes

Nationwide Floating Rate Notes

Alliance & Leicester Floating Rate Notes

Freightliner


Please note that in a regulatory announcement made on 3 January 2006, Electra
announced that it had exchanged contracts for the sale of Inchcape Shipping
Services, which will give rise to an increase in Electra's net asset value since
30 September 2005 of £64.76 million, representing an uplift in net asset value
of 148.84p per share from the net asset value of 1,177.22p as at 30 September
2005 (exclusive of the proposed special dividend of 20p per share which was
announced in December 2005).

The list of investments shown above was calculated on the basis of the asset
valuation at 30 September 2005 adjusted to reflect completed purchases and sales
of investments, currency movements and mid market values in respect of listed
investments and unlisted investments where these are valued by reference to
quoted prices.

This list includes all investments with a value greater than 5% of Electra's
gross assets at 31 December 2005.

This announcement was made in accordance with the Listing Rule 15.4.10 (2) which
requires, inter alia, UK listed investment companies to notify to a Regulatory
Information Service, within two business days of the end of each quarter, a list
of all investments with a value greater than 5% of the company's gross assets
and at least the company's ten largest investments as at the last business day
of that quarter.



For further information, please contact

HALH Mumford

Electra Partners Limited                                     [phone]


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