ELECTRA PRIVATE EQUITY PLC - ISS and PIRC recommend vote against resolutions

Electra Private Equity PLC

Independent advisory firms ISS and PIRC recommend shareholders vote against all
Sherborne's resolutions

24 September 2014: Electra Private Equity PLC ("Electra") notes that
independent proxy advisory firms Institutional Shareholder Services Inc.
("ISS") and Pensions & Investment Research Consultants Ltd ("PIRC") have
recommended that Electra shareholders vote against all the resolutions proposed
on behalf of Sherborne Investors Management (Guernsey) LLC and its associates,
to be voted on at Electra's general meeting on 6 October 2014 ("General
Meeting").

The Board of Directors of Electra unanimously recommends that all shareholders
VOTE 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 2014
at Saddlers' Hall, 40 Gutter Lane, London, EC2V 6BR

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