Sale of Inchcape

Electra Investment Trust PLC
03 January 2006

Regulatory Announcement



ELECTRA INVESTMENT TRUST PLC

03 January 2006



FOR IMMEDIATE RELEASE



            Electra announces the sale of Inchcape Shipping Services


Electra Investment Trust PLC ('Electra') is pleased to announce that it has
exchanged contracts for the sale of Inchcape Shipping Services ('ISS') for
US$285m to Istithmar, a major investment house based in the United Arab Emirates
focusing on private equity, real estate and other alternative investments. ISS
is the largest independently managed network of ship agents in the world.



As a consequence of the sale, Electra will receive cash proceeds inclusive of
accrued income of US$178.38m upon completion which is expected at the end of
January 2006.



The transaction will give rise to an increase in Electra's net asset value since
30 Sept 2005 of £64.76m representing an uplift in net asset value of 148.84p per
share from the net asset value of 1172.22p, as at 30 Sept 2005 (exclusive of the
proposed special dividend of 20p per share which was announced in December
2005).



Lazard acted as sole financial adviser to Electra.

For further information:

Sir Brian Williamson, Chairman, Electra Investment Trust PLC   020 7214 4200

Hugh Mumford, Chief Executive, Electra Partners Limited        020 7214 4200

Nick Miles, M: Communications                                  020 7153 1535





To find out more about Electra Partners visit http://www.electrapartners.com




                      This information is provided by RNS
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