Directorate Change

18 July 2019

Electra Private Equity PLC

Directorate Change

Electra Private Equity PLC ("Electra") is pleased to announce the appointment of Stephen Welker to the Board of Directors. Stephen is a Partner in Sherborne Investors and has been an adviser to Electra during the Company's transformation that was initiated in 2015. He has also been a non-executive director of TGI Fridays, an Electra portfolio company, since 2017.

Electra also announces that Edward Bramson is today resigning from the Board of Directors. Ed has served as a Director since 2015 and, during 2016 and 2017, served as CEO. Ed has decided to stand down as a Director due to his many other commitments.

Stephen Welker has not been a director of any publicly quoted companies during the previous five years. There is no other information concerning Stephen Welker which is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.

Electra Chairman, Neil Johnson, said:

"On behalf of the Board and shareholders, I want to thank Ed very much for his immense contribution to Electra during the Company's transformation that began in 2015. I welcome Stephen who, as a long-standing Electra adviser and portfolio company director, has a deep knowledge of our business."

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