Requisition for a General Meeting

Electra Private Equity PLC 22 August 2014 Requisition for a General Meeting Electra Private Equity PLC ("Electra" or "the Company") announces that it hasyesterday afternoon received a requisition on behalf of Sherborne Investors GP,LLC ("Sherborne") requiring the directors to call a general meeting of theCompany's shareholders. The object of the general meeting is to considerresolutions that Mr. Edward Bramson be appointed as a director of the Company,that Mr. Ian Brindle be appointed as a director of the Company and that Mr.Geoffrey Cullinan be removed as a director of the Company. No furtherresolutions or specific proposals were provided. Electra will send a notice convening a general meeting to its shareholders indue course. As indicated in an RNS dated 29 July 2014, the Chairman of Electra, Mr. RogerYates, together with a fellow non-executive director Mr. Cullinan, met with Mr.Bramson on 24 July 2014. At this meeting, Mr. Bramson requested that three newdirectors be appointed to the Board of Electra and that he be given a mandateto lead a strategic review of the Company. The Board of Electra carefullyconsidered Mr. Bramson's request and decided to reject it. The Board of Electra has a long-standing policy of being comprised wholly ofindependent non-executive directors. Neither Mr. Bramson, representing a c.19%shareholder in the Company, nor Mr. Brindle, who has a longstanding workingrelationship with Mr. Bramson, would be independent. The Company's superiorperformance over the long term provides clear evidence to support this policyof complete independence. The Board has always listened, and will continue to listen, to the views ofshareholders consistent with enhancing long-term shareholder value. The Boardbelieves that maintaining an open dialogue with shareholders and a whollyindependent Board structure best enables the Board to consider the interests ofall shareholders without undue influence from any quarter. The Board of Electra actively keeps the Company's strategy under regularreview, is of the opinion that the current strategy has delivered superiorlong-term returns for all shareholders and sees no reason to deviate from thissuccessful strategy. Over the 10 year period to 31 March 2014, Electra has delivered a share pricetotal return of 268%, more than double the total return of the FTSE All-Share(129% over the same period) and more than six times the total return for theMorningstar Private Equity Index* (39% over the same period). The Company'sdiluted NAV per share total return for the period is equivalent to a ten-yearannualised return on equity of 14%, at the upper end of our target range of10-15%. Enquiries Goldman Sachs International +44 (0) 207 774 1000 Anthony Gutman Alex Garner Ken Hayahara J.P. Morgan Cazenove +44 (0) 207 742 4000 Michael Wentworth-Stanley William Simmonds Greenbrook Communications +44 (0)20 7952 2000 Andrew Honnor Charlotte Balbirnie Matthieu Roussellier * The Morningstar Private Equity Index is a bespoke index prepared byMorningstar UK Limited reflecting the performance of 19 private equityvehicles, excluding Electra, quoted on the London Stock Exchange.