Portfolio Update

Electra Investment Trust PLC
04 July 2005

Electra Investment Trust PLC - Portfolio Update

4 July 2005





Electra Investment Trust PLC ('Electra') announces that as at 30 June 2005, its
ten largest investments were:

Barclays Bank Floating Rate Notes

Capital Safety Group

European Investment Bank Floating Rate Notes

UK Rail Floating Rate Notes

Inchcape Shipping Services

Allflex

Abbey National Floating Rate Notes

HBOS Floating Rate Notes

Nationwide Floating Rate Notes

Freightliner



The list of investments shown above was calculated on the basis of the asset
valuation at 31 March 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 30 June 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 Group Limited      [phone]






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