Holding in Company

Electra Investment Trust PLC
7 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ELECTRA INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER NAMED IN 2. ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE BELOW

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

20,000

8)   (0.03 %) of issued Class

9)   Class of security

ORDINARY SHARES OF 25p EACH

10)  Date of transaction

6 SEPTEMBER 2000

11)  Date company informed

7 SEPTEMBER 2000

12)  Total holding following this notification

2,413,631 ORDINARY 25p SHARES
               
              
13)  Total percentage holding of issued class following this notification

2.99%

14)  Any additional information



15)  Name of contact and telephone number for queries

KAY ROONEY  020 7306 3945

16)  Name and signature of authorised company official responsible for 
     making this notification    PJ DYKE, SECRETARY

     Date of Notification ...7 SEPTEMBER 2000..........


DEALINGS BY SUBSTANTIAL SHAREHOLDERS

LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED

4.  Name of the registered shareholder(s) and, if more than one holder, the     
   number of shares held by each of them.

HSBC Global Custody Nominee (UK) Limited a/c 775180          54,665
HSBC Global Custody Nominee (UK) Limited a/c 775245         458,703
HSBC Global Custody Nominee (UK) Limited a/c 360509          54,324
HSBC Global Custody Nominee (UK) Limited a/c 866203          60,000
HSBC Global Custody Nominee (UK) Limited a/c 357206       1,785,939

                                                          2,413,631