Transaction in Own Shares

Electra Investment Trust PLC
04 August 2004


Electra Investment Trust PLC ('Electra')

Electra announces that on 4 August 2004 it purchased for cancellation 3,450,000
Ordinary Shares of 25p each at a price of 760p per share.

Following this transaction Electra has 49,405,759 Ordinary Shares of 25p in
issue.


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