Requisition of a General Meeting of Electra

Sherborne Investors (Guernsey) B Limited

22 August 2014

Requisition of a General Meeting of Electra Private Equity plc

The board of directors of Sherborne Investors (Guernsey) B Limited (the "Company") has been informed by Sherborne Investors Management (Guernsey) LLC ("Sherborne Investors") that it has served, through Pershing Nominees Limited, a requisition upon Electra Private Equity plc ("Electra") to call a general meeting of shareholders for the purpose of proposing resolutions in respect of the following changes to the composition of the board of directors of Electra:

1. The appointment of Mr. Edward Bramson.

2. The appointment of Mr. Ian Brindle.

3. The removal of Mr. Geoffrey Cullinan.

Sherborne Investors has informed the board of directors of the Company that, if the resolutions are passed at Electra's general meeting, it expects nominees of Sherborne Investors to lead the board in a strategic review of Electra and to present the findings to Electra's shareholders.

Sherborne Investors has also informed the board of directors of the Company that it intends to communicate in due course with shareholders of Electra to describe the substantial opportunities that it believes a strategic review would provide for all shareholders in Electra to increase the value of their holdings.

Pershing Nominees Limited is the registered shareholder of 6,743,435 ordinary shares, or approximately 19.0%, in Electra. Sherborne Investors (Guernsey) GP, LLC, the general partner of SIGB, LP, holds the beneficial interest in these ordinary shares on behalf of the limited partners of SIGB, LP, including the Company. Sherborne Investors, as the regulated investment manager of SIGB, LP, directs the investment affairs of SIGB, LP at its sole discretion.

-Ends-

Enquiries:

FTI Consulting +44 (0)20 3727 1521

Edward Westropp

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)