News from Frostrow Capital

Electra Appoints Frostrow Capital

19 Feb 2008

Independent boutique investment company specialists, Frostrow Capital LLP today announces it has been appointed as a Board Adviser to Electra Private Equity PLC (“Electra”).

Headed by Alastair Smith, Frostrow Capital is unique in being dedicated to advising the boards of investment companies and to providing the entire executive function, with the exception of portfolio management.

Sir Brian Williamson, Chairman of Electra said:
“The board is delighted to have appointed Frostrow Capital as specialist investment company advisers and we look forward to a long and fruitful relationship.”

Alastair Smith, Managing Partner of Frostrow Capital added:
”Frostrow’s appointment by a highly respected investment company such as Electra, is a strong endorsement of our independent offering and I am delighted by the Board’s decision. We look forward to working with the Electra Board and with the management team at Electra Partners LLP."

About Electra
Electra is a London-listed investment trust with net assets as at 30 September 2007 of £744million. Electra has specialised in private equity for 30 years and its Investment Managers, Electra Partners LLP, have achieved investment returns substantially in excess of the FTSE All Share Index. Electra offers an exposure to private equity, in a targeted and cost effective way, to a wide range of investors.

Electra delivered strong net asset value growth in the recent year ended 30 September 2007 with NAV up 29.5% to 2,001p per share and on an annualised five year basis, has delivered a return on equity of 22.6%. Electra declared a special dividend of 25p per share for the year ended 30 September 2007 reflecting a high level of distributable revenue.

More information about Electra can be found at:
www.electraequity.com