Transaction in Own Shares

Electra Investment Trust PLC
16 September 2004


Electra Investment Trust PLC ('Electra')


Electra announces that on 16 September 2004 it purchased for cancellation
1,400,000 Ordinary Shares of 25p each at a price of 792p per share.

Following this transaction Electra has 48,005,759 Ordinary Shares of 25p each in
issue.




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