Successful Realisation

Electra Investment Trust PLC
27 February 2001

ELECTRA INVESTMENT TRUST PLC MAKES SUCCESSFUL REALISATION

Electra Investment Trust ('Electra') announces the realisation of its entire
interest in Security Printing & Systems Group Limited ('SP&S') through a
Recommended Cash Offer by Globalvault plc.  SP&S's principal activity is the
provision of high security printing for public sector customers.

The proceeds attributable to Electra are £26.2 million in cash.  This
disposal represents an uplift in the net asset value per Electra ordinary
share of 13 pence over the valuation of £15.5 million on 30th September
2000.  Proceeds from this disposal will be used to reduce bank borrowings
further.

SP&S is one of the independent companies created from the demerger of the
Stationery Office Group (TSOG) in April 1999 which itself was the subject of
a management buy-in backed by Electra in September 1996.  This disposal
concludes the divestment of Electra's interest in the former TSOG Companies.


Hugh Mumford                                           
Tim Syder           Electra Partners Europe Limited    020 7831 6464
                                                       
Stephen Breslin     Brunswick Group Limited            020 7404 5959