Electra Private Equity : Results of General Meeting

The Board of Electra Private Equity PLC (the 'Company') is pleased to announce that, at the general meeting held today, the Company's shareholders voted to pass the ordinary resolution to adopt, with immediate effect, a new investment objective and investment policy as set out in Part 1 of the circular to shareholders of the Company dated 4 October 2018 in substitution for the Company's previous investment objective and policy.

The resolution was voted on by way of a poll and the result was as follows:

Result of poll

Resolution	To adopt the new investment objective and investment policy
Votes For	30,177,411
%1	99.85
Votes Against	45,705
%1	0.15
Votes total	30,223,116
Proportion of the issued share capital of the Company represented by all votes (%)1	78.95%
Votes Withheld2	715

¹_{Percentages are expressed as a proportion of the total votes cast.}
²_{A vote withheld is not a vote in law and is not counted towards the votes 'For' or 'Against' the Resolutions, nor in the calculation of the total votes cast.}

The passing of this resolution means that new investment objective and policy of the Company from the date of this announcement shall be as follows:

'Electra's investment objective is to follow a realisation strategy which aims to crystallise value for shareholders, through balancing the timing of returning cash to shareholders with maximisation of value.

The Company will not make any new investments but will continue to support its existing investments to the extent required in order to optimise returns.

The Company will retain sufficient cash to meet its obligations and to support its portfolio assets, with cash from realisations being invested in AAA rated money market funds pending utilisation or return to shareholders.

Should it be appropriate to utilise gearing in order to optimise the balance between timing of returning cash to shareholders and maximisation of value the Company will maintain gearing below 40% of its total assets.'

The results of the general meeting (including this information) will shortly be available on the Company's website at www.electraequity.com.

In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the Resolution will shortly be submitted to the National Storage Mechanism and will be available at www.morningstar.co.uk/uk/NSM.

Eleanor Cranmer
Frostrow Capital LLP
Company Secretary to Electra Private Equity PLC
020 3008 4613

For further information, please contact:

Electra Private Equity PLC
Gavin Manson, Chief Financial Officer 020 3874 8300

Greenhill
David Wyles / Brenlen Jinkens / Michael Lord 020 7198 7400

Brunswick Group
Gil Ackers / Kim Fletcher 020 7404 5959