ISS and PIRC recommend vote against resolutions

Electra Private Equity PLC Independent advisory firms ISS and PIRC recommend shareholders vote against allSherborne's resolutions 24 September 2014: Electra Private Equity PLC ("Electra") notes thatindependent proxy advisory firms Institutional Shareholder Services Inc.("ISS") and Pensions & Investment Research Consultants Ltd ("PIRC") haverecommended that Electra shareholders vote against all the resolutions proposedon behalf of Sherborne Investors Management (Guernsey) LLC and its associates,to be voted on at Electra's general meeting on 6 October 2014 ("GeneralMeeting"). The Board of Directors of Electra unanimously recommends that all shareholdersVOTE AGAINST ALL the General Meeting resolutions. TIMETABLE FOR GENERAL MEETING Voting record time for the General Meeting:6.00 p.m. on Thursday 2 October 2014 Latest time and date for receipt of Form of Proxy from shareholders:11.00 a.m. on Saturday 4 October 2014 Time, date and location of the General Meeting:11.00 a.m. on Monday 6 October 2014at Saddlers' Hall, 40 Gutter Lane, London, EC2V 6BR Enquiries Goldman Sachs International +44 (0)207 774 1000Anthony GutmanAlex GarnerKen Hayahara J.P. Morgan Cazenove +44 (0)207 742 4000Michael Wentworth-StanleyWilliam Simmonds Greenbrook Communications +44 (0)20 7952 2000Andrew HonnorCharlotte BalbirnieMatthieu Roussellier