General Meeting of Electra Private Equity PLC

Sherborne Investors (Guernsey) B Limited

6 October 2014

Sherborne Investors (Guernsey) B Limited

General Meeting of Electra Private Equity PLC

Sherborne Investors Management (Guernsey) LLC ("Sherborne Investors"), as the investment manager of SIGB, LP, has notified the Board of Sherborne Investors (Guernsey) B Limited ("SIGB") of the result of the General Meeting of Electra Private Equity PLC ("Electra" or the "Company") held today. Sherborne Investors has stated:

"Sherborne Investors notes today's announcement from Electra and the intention of the Board of Directors to launch a review covering the fee arrangements with Electra Partners LLP as well as the capital structure and distribution policy of the Company.

As a major shareholder representing funds with a 20 per cent shareholding in Electra, Sherborne Investors looks forward to hearing more from the Board of Electra about the resultant actions from this review."

-Ends-

Enquiries: 

FTI Consulting +44 (0)20 3727 1000

Jonathon Brill

Oliver Winters

Adam Cubbage

Numis Securities Limited (Broker) +44 (0)20 7260 1275

David Benda

Sherborne Investors (Guernsey) B Limited +44 (0)14 8171 3843

Talmai Morgan (Chairman)

Gillian Newton (Administrator)