Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

ELECTRA PRIVATE EQUITY  PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

YES Acquisition

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

AVI Value Fund 596,946

British Empire   1,692,131

Carnegie  124,960

CF AVI Global Fund     337,138

Columbia (non voting)  113,504

Rockefeller 82,486

Yale University  372,579

4. Full name of shareholder(s) (Registered Holders)

StateStreet Nominees

Chase Nominees

StateStreet Nominees

BoNY Nominees

Mellon Nominees

Chase Nominees

NorTrust Nominees

5. Date of transaction (and date on which the threshold is crossed or reached if different):

22 December 2008

6. Date on which issuer notified:

6 January 2009

7. Threshold(s) that is/are crossed or reached:

9%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB0003085445  3,116,144 3,002,640 3,319,744 3,206,240   0 9.07% 0%

Ordinary Shares

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N / A

Total (A+B)

Number of voting rights

Percentage of voting rights

3,206,240

9.07%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

State Street Nominees acts as custodian for the AVI Value Fund LLC

JPMorgan Chase Nominees acts as custodian for British Empire Securities

State Street Nominees acts as custodian for the Carnegie Corporation

Bank of New York Nominees acts as custodian for the CF AVI Global Fund

Mellon Nominees acts as custodian for The Trustees of Columbia University (non-voting)

JPMorgan Chase Nominees acts as custodian for The Rockefeller University

Northern Trust Nominees acts as custodian for Yale University

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Asset Value Investors acts as discretionary manager for all funds mentioned in 3.