Circular to Shareholders

Electra Private Equity PLC
20 September 2006



ELECTRA PRIVATE EQUITY PLC ('Electra' or 'the Company')


20 September 2006


Circular to Shareholders regarding Update of Investment Strategy, Terms of
Appointment of Electra Partners and Related Matters, together with Notice of
Extraordinary General Meeting to be held on 12 October 2006


A copy of the above document has been submitted to the UKLA and will shortly be
available for inspection at the UKLA's Document Viewing Facility, which is
situated at:


Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS


Telephone:  [phone]


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