Directorate Change

Electra Private Equity PLC                           

4 January 2011

                               Board Appointment                               

Electra Private Equity PLC is pleased to announce the appointment of Geoffrey
Cullinan as a Non-Executive Director with immediate effect.

Geoffrey was a Director of Bain & Company from 1997 to 2005. He was the founder
and leader of their private equity business in Europe. Geoff continues to be an
Adviser to Bain.

Geoffrey was formerly chief executive of Hamleys plc (1996) and senior non
executive director of Datamonitor plc (1994 to 2002). Previously he had been
the managing partner of OC&C Strategy Consultants, which he co-founded in 1986.

Colette Bowe, Chairman of Electra Private Equity PLC, said:

"I am very pleased to welcome Geoffrey Cullinan to the board of Electra. He
brings a wealth of private equity experience."

Geoffrey Cullinan said:

`'Electra is a highly respected private equity investment company and I am
delighted to have been invited to join the Board.'

No further information requires to be disclosed pursuant to paragraph 9.6.13 R
of the Listing Rules.

Ends

For further information contact:

Nick Miles, M:Communications 020 7920 2330